This quiz works best with JavaScript enabled. Home > Unit V Mathematical Reasoning And Aptitude > Profit And Loss – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Profit And Loss Quiz 2 (10 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Jack bought a skateboard for $ 120 and sold it for $ 150. What is his gain from the sale? A) $ 20. B) $ 30. C) $ 50. D) $ 10. Show Answer Correct Answer: B) $ 30. 2. Shalom bought a book for $ 5 and sold for $ 4 dollars. What was the loss? A) $ 4. B) $ 5. C) $ 1. D) $ 2. Show Answer Correct Answer: C) $ 1. 3. A car worth $ 15 000 is sold for $ 12 800. The loss is ..... A) $ 2 200. B) $ 3 200. C) $ 12 800. D) $ 27 800. Show Answer Correct Answer: A) $ 2 200. 4. Mrs. Rani Mukarjee bought a mobile phone at a rate of Rs.18,000 and sold it at a rate of Rs.20,000. What is her profit? A) Rs. 1000. B) Rs. 2000. C) Rs. 3000. D) Rs. 4000. Show Answer Correct Answer: B) Rs. 2000. 5. Melissa sells homemade cupcakes for $ 2 each. Each cupcake cost $ 1 to make. What is the amount of profit Melissa makes if she sells 50 cupcakes? A) $ 50. B) $ 75. C) $ 100. D) $ 175. Show Answer Correct Answer: A) $ 50. 6. Given: Cost price-Rs. 150; Gain-32%;Find: Selling Price. A) Rs. 182. B) Rs. 195. C) Rs. 198. D) Rs. 214. Show Answer Correct Answer: C) Rs. 198. 7. Gaurika bought a dress for Rs.2500 and tagged its price 20% above the cost price. If she allows 10% discount to the customer, what is her profit percent? A) 5%. B) 6%. C) 7%. D) 8%. Show Answer Correct Answer: D) 8%. 8. A Shopkeeper sells two articles at Rs.1000 each, making a profit of 20% on the first article and a loss of 20% on the second article. Find the net Profit or loss that he makes? A) 4%. B) 5%. C) 6%. D) 8%. Show Answer Correct Answer: A) 4%. 9. A bat was bought for $ 400.00 and sold for $ 495.00. What was the profit or loss? A) $ 95.00 profit. B) $ 95.00 loss. C) $ 5.00 profit. D) $ 5.00 loss. Show Answer Correct Answer: A) $ 95.00 profit. 10. A retailer buys a cooler for Rs 1200 and overhead expenses on it are Rs 40. If he sells the cooler for Rs 1550, determine his profit percent. A) 20 %. B) 30 %. C) 78 %. D) 25 %. Show Answer Correct Answer: D) 25 %. ← PreviousNext →Related QuizzesProfit And Loss Quiz 1Profit 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 10Profit And Loss Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books