Profit And Loss Quiz 20 (10 MCQs)

Quiz Instructions

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1. Binod bought a TV at Rs. 20000. What was his selling price, if he sold the TV at a loss of 2.5%?

Correct Answer: B) Rs. 19500.

2. What is the formula for finding the CP when profit is given?

Correct Answer: A) CP = SP-Profit.

3. If Cost price is $ 198 and Loss is $ 40 what is the Selling price?

Correct Answer: B) $ 158.

4. A man buys a table for Rs.623 and a chair for Rs. 253 and sold both in market in Rs. 800. Then how much profit/loss he much get?

Correct Answer: C) Loss, Rs. 76.

5. Ram sold 125 shirts at a price of Rs. 15625. He sold each shirt at a profit of Rs. 25. Find the cost of 62 shirts.

Correct Answer: B) 6200.

6. Dika sold his smartphone for Rp 1.250.000,-at a loss of Rp 2.175.000,-. Find the cost price (CP) of the smartphone.

Correct Answer: B) Rp 3.425.000,-.

7. The cost price of 3 units is equal to the selling price of 2 units. What is the profit as a percentage of cost price?

Correct Answer: D) 50%.

8. A toaster was bought for $ 350.00 and sold for $ 275.00. What was the profit or loss?

Correct Answer: B) $ 75.00 loss.

9. If the selling price is more than the cost price, then there is a profit

Correct Answer: A) True.

10. If the selling price of the article is less than its cost price, then the article is said to be sold

Correct Answer: A) Loss.