This quiz works best with JavaScript enabled. Home > Unit V Mathematical Reasoning And Aptitude > Profit And Loss – Quiz 23 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Profit And Loss Quiz 23 (10 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A shopkeeper sold an article for Rs. 2500. If the cost price of the article is 2000, find the profit percent. A) 25%. B) 15%. C) 30%. D) 35%. Show Answer Correct Answer: A) 25%. 2. Calculate the percentage profit if an item is bought for N42 and sold for N52.50 A) 20%. B) 25%. C) 80%. D) 22%. Show Answer Correct Answer: B) 25%. 3. Nehal bought a cell phone for PKR 8o,000 and sold it at a loss of 15%. How much did he sell the cell phone for? A) PKR 62,000. B) PKR 68,000. C) PKR 70,000. D) PKR 72,000. Show Answer Correct Answer: B) PKR 68,000. 4. How profit is calculated? A) Profit = C.P.-S. P. B) Profit = S.P.-C. P. C) Profit = M.P.-S. P. D) None of the above. Show Answer Correct Answer: B) Profit = S.P.-C. P. 5. Calculate SP if CP is Rs 3,400 and profit is Rs 400. A) 3000. B) 3800. C) 2600. D) 4200. Show Answer Correct Answer: B) 3800. 6. An organisation manufactures a single product. The total cost of making 4,000 units is $ 20,000 and the total cost of making 20,000 units is $ 40,000. Within this range of activity the total fixed costs remain unchanged. What is the variable cost per unit of the product? A) $ 0.80. B) $ 1.20. C) $ 1.25. D) $ 2.00. Show Answer Correct Answer: C) $ 1.25. 7. If a shopkeeper sells a shirt for $ 40 and incurs a loss of 10%, what was the cost price of the shirt? A) 50. B) 36.36. C) 30. D) 44.44. Show Answer Correct Answer: D) 44.44. 8. How does a business determine if it has made a profit? A) By adding the expenses it has with the money it has earned. B) It subtracts all its expenses from the money it has earned. C) It adds up the amount of sales it had for the year. D) None of above. Show Answer Correct Answer: B) It subtracts all its expenses from the money it has earned. 9. Bozzz bought a mobile phone for $ 170 and sold it 7 months later, making a loss of 30% on the purchase price. Find the selling price of the mobile phone. A) $ 119. B) $ 140. C) $ 200. D) $ 221. Show Answer Correct Answer: A) $ 119. 10. Sophie purchased a dress for $ 80 and sold it for $ 100. What is her profit from selling the dress? A) $ 30. B) $ 50. C) $ 10. D) $ 20. Show Answer Correct Answer: D) $ 20. ← 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