This quiz works best with JavaScript enabled. Home > Unit V Mathematical Reasoning And Aptitude > Profit And Loss – Quiz 19 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Profit And Loss Quiz 19 (10 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The difference when an object is sold for less money than it was bought is called ..... A) Profit. B) Loss. C) Cost price. D) Sale price. Show Answer Correct Answer: B) Loss. 2. A radio is sold for Rs 3120 at a loss of 4%. What will be the gain or loss per cent if it is sold for Rs 3445? A) 6%. B) 7%. C) 8%. D) 9%. Show Answer Correct Answer: A) 6%. 3. Aaron bought a wardrobe for $ 200, but was forced to sell it at a 30% loss. At what price did he sell the wardrobe? A) $ 140. B) $ 150. C) $ 160. D) $ 170. Show Answer Correct Answer: A) $ 140. 4. What does a negative value in profit or loss indicate? A) Profit. B) Loss. C) Break-even. D) No change. Show Answer Correct Answer: B) Loss. 5. It costs $ 124 to produce 58 handcrafted boxes to be sold. If the boxes are sold for $ 21 each, then what is the profit? A) $ 2604. B) $ 7192. C) $ 1218. D) $ 1094. Show Answer Correct Answer: D) $ 1094. 6. Ms. Balderas bought an old bicycle. She repaired it and painted it until it looked new. Then she sold the bicycle. Ms. Balderas made this list about what she did.Price paid for old bicycle: $ 16Cost to repair: $ 20Cost to paint: $ 7Selling price: $ 50What was Ms. Balderas's profit from selling the bicycle? A) $ 43. B) $ 13. C) $ 7. D) Not Here. Show Answer Correct Answer: C) $ 7. 7. Cost price = 2290 Selling price = 2498 A) Profit. B) Loss. Show Answer Correct Answer: A) Profit. 8. Find the gain or loss per cent when: C P = Rs 345 and S P = Rs 372.60 A) G% = 4%. B) G% = 8%. C) L% = 4%. D) L% = 8%. Show Answer Correct Answer: B) G% = 8%. 9. Diane buys necklaces for her store for $ 6 then adds a mark up of 120%. What is the sale price of necklaces at Diane's store? A) $ 7.20. B) $ 5. C) $ 11. D) $ 13.20. Show Answer Correct Answer: D) $ 13.20. 10. Albert bought a dog for $ 700 and sold it to gain a profit of 20% on its cost price. How much money was Albert's gain? A) $ 140. B) $ 175. C) $ 840. D) $ 875. Show Answer Correct Answer: A) $ 140. ← 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