Profit And Loss Quiz 17 (10 MCQs)

Quiz Instructions

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1. Amar buys an old biker for Rs. 5000 and spends Rs. 600 on its repairs. If he sells the bike for Rs. 6000, his gain percent is:

Correct Answer: C) 7.14.

2. Azariah bought a roti for $ 10 and sold it for $ 14 dollars. What was her profit?

Correct Answer: B) $ 4.

3. A shopkeeper buys a watch for Rp350.000 and sells it for Rp325.000. The loss is .....

Correct Answer: C) Rp25.000.

4. Fiona's Foods sells ground beef using a markup rate of 28%. Which equation represents the new price of ground beef, y, given an original price, x?

Correct Answer: B) Y = 1.28x.

5. Rina buys a pencil case for Rp25.000 and sells it for Rp30.000. The profit is .....

Correct Answer: C) Rp5.000.

6. Faisal bought a toy for 80 SAR and he sold it next day for 50 SAR.Did he make a loss or a profit?

Correct Answer: B) Loss.

7. Barrow bought a radio for $ 150 and sold it at a loss of $ 24. How much did he sell it for?

Correct Answer: C) $ 126.

8. If CP = Rs. 660 and Loss percent = 5% then Loss amount =

Correct Answer: A) Rs. 33.

9. If cost price of a book is Rs 50.50 and selling price is Rs 75, find the profit or loss

Correct Answer: A) Profit = Rs 24.50.

10. A book was bought for $ 135.00 and sold for $ 175.99. What was the profit or loss?

Correct Answer: A) $ 40.99 profit.