This quiz works best with JavaScript enabled. Home > Unit V Mathematical Reasoning And Aptitude > Profit And Loss – Quiz 25 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Profit And Loss Quiz 25 (10 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. If CP = Rs. 450 and Loss = Rs. 10, then SP = A) Rs. 450. B) Rs. 460. C) Rs. 400. D) Rs. 440. Show Answer Correct Answer: D) Rs. 440. 2. Javier wanted to make a profit of $ 80 for selling the 4 vases he had made. He had spent$ 12 for materials. Since he planned to charge the same price for each vase, he used thefollowing equation to determine x, the price he would charge:4x-12 = 80How much did Javier plan to charge for each vase? A) $ 6. B) $ 6.50. C) $ 17. D) $ 17.50. E) $ 23. Show Answer Correct Answer: E) $ 23. 3. Which one is NOT TRUE about profit business? A) Incurs expenses for operations. B) Generates revenues from contributions. C) Profit is used to pay owners, partners, and shareholders. D) Pays salaries to employees and managers. Show Answer Correct Answer: B) Generates revenues from contributions. 4. Azhar sold his old television worth $ 900 to a friend. He gave a discount of 15%.What was the selling price of the television set? A) $ 135. B) $ 765. C) $ 885. D) None of above. Show Answer Correct Answer: B) $ 765. 5. An item purchased for $ 200 and sold at a loss of 25% has a selling price of A) $ 225. B) $ 175. C) $ 150. D) $ 250. Show Answer Correct Answer: C) $ 150. 6. Ani bought a book for Rp20,000 and sold it for Rp25,000. A) Profit. B) Loss. Show Answer Correct Answer: A) Profit. 7. Sumit purchased 20 dozens of bats at the rate of Rs. 450 per dozen. He sold each one of them at the rate of Rs. 40. What was his percentage profit? A) 5.6. B) 5.4. C) 6.6. D) 6.5. Show Answer Correct Answer: C) 6.6. 8. A shopkeeper buys a shirt for Rp80.000 and sells it for Rp100.000. The profit is ..... A) Rp15.000. B) Rp18.000. C) Rp20.000. D) Rp25.000. Show Answer Correct Answer: C) Rp20.000. 9. When a farmhouse is sold for Rs. 20,500, the owner loses 20%. At what price must that plot be sold in order to gain 20%? A) 40,000. B) 45,000. C) 30,750. D) 30,500. Show Answer Correct Answer: C) 30,750. 10. Formula for profit%: A) Profit%: cost price/profit*100. B) Profit%: profit / cost price * 100. C) Profit%: cost price/100*profit. D) Profit%: profit/100*cost price. Show Answer Correct Answer: B) Profit%: profit / cost price * 100. ← 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