This quiz works best with JavaScript enabled. Home > Unit V Mathematical Reasoning And Aptitude > Profit And Loss – Quiz 15 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Profit And Loss Quiz 15 (10 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Calculate S.P if C.P is $ 3,400 and profit is $ 400. A) $ 3800. B) $ 3000. C) It was a loss. D) None of above. Show Answer Correct Answer: A) $ 3800. 2. A man sold 20 apples for Rs 100 and gained 20%. How many apples did he buy for Rs 100? A) 20. B) 22. C) 24. D) 25. Show Answer Correct Answer: C) 24. 3. A car was purchased for $ 5000 and sold for a 10% profit. What is the new selling price? A) 5500. B) 4500. C) 5010. D) 4990. Show Answer Correct Answer: A) 5500. 4. A TV is purchased at Rs. 5000 and sold at Rs. 4000, find the lost percent. A) 10%. B) 20%. C) 25%. D) 28%. Show Answer Correct Answer: B) 20%. 5. What kind of expenses are shown in profit and loss account debit side? A) Factory expense. B) Office and administration expense. Show Answer Correct Answer: B) Office and administration expense. 6. A trader marks an item at 30% above the cost price but sells it at a discount of 20%. What is the profit or loss percentage? A) 4% profit. B) 4% loss. C) No profit, no loss. D) 2% profit. Show Answer Correct Answer: A) 4% profit. 7. A retailer buys a washing machine for $ 550 and sells it for $ 594. What is the percentage profit on this sale? A) 5%. B) 8%. C) 10%. D) 44%. Show Answer Correct Answer: B) 8%. 8. By selling a chain for $ 375.00, a lady made a profit of $ 45.00, what was the cost price of the chain? A) $ 285.00. B) $ 300.00. C) $ 315.00. D) $ 330.00. Show Answer Correct Answer: D) $ 330.00. 9. When the selling price is lower than the cost price, it's a ..... A) Profit. B) Loss. Show Answer Correct Answer: B) Loss. 10. If an article sold for Rs 100 then there is a gain of Rs 20, which of the following is the gain percent? A) 20. B) 25. C) 80. D) 100. Show Answer Correct Answer: B) 25. ← PreviousNext →Related QuizzesProfit And Loss Quiz 1Profit And Loss Quiz 2Profit And Loss Quiz 3Profit And Loss Quiz 4Profit And Loss Quiz 5Profit And Loss Quiz 6Profit And Loss Quiz 7Profit And Loss Quiz 8Profit And Loss Quiz 9Profit And Loss Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books