This quiz works best with JavaScript enabled. Home > Unit V Mathematical Reasoning And Aptitude > Profit And Loss – Quiz 27 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Profit And Loss Quiz 27 (10 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A shopkeeper buys a TV at Rs.42000 and sells it a Rs.45000. Has he made a profit or a loss? A) Profit. B) Loss. Show Answer Correct Answer: A) Profit. 2. If a company sells 50 units of a product for $ 20 each and incurs costs of $ 600, what is the profit? A) $ 200. B) $ 300. C) $ 400. D) $ 500. Show Answer Correct Answer: C) $ 400. 3. If S.P is greater than C.P then what will happen? A) Profit. B) Loss. C) Both. D) None. Show Answer Correct Answer: A) Profit. 4. The price of the computer is $ 1550 including 10% GST. The amount of GST paid when purchasing this computer is closest to: A) $ 10. B) $ 141. C) $ 155. D) $ 170. E) $ 1750. Show Answer Correct Answer: B) $ 141. 5. Simran made a PROFIT of $ 12.00 by selling her watch for $ 65.00. What was the cost price of her watch? A) $ 45.00. B) $ 50.00. C) $ 53.00. D) $ 55.00. Show Answer Correct Answer: C) $ 53.00. 6. A chair is bought for $ 200 and then sold for $ 240. What was made "a profit or a loss" ? State the amount. A) Loss $ 40. B) Profit $ 200. C) Profit $ 40. D) Loss $ 440. Show Answer Correct Answer: C) Profit $ 40. 7. A dress bought for $ 250 was sold for $ 300. The profit as a percentage of the cost price is A) 16.7 %. B) 20 %. C) 80 %. D) 83.3 %. Show Answer Correct Answer: B) 20 %. 8. Calculate the percentage loss if an item is bought for $ 400 and sold for $ 364 A) 90%. B) 10%. C) 9%. D) 36%. Show Answer Correct Answer: C) 9%. 9. A shopkeeper purchased 150 identical pieces of calculators at the rate of Rs 250 each. He spent an amount of Rs. 2500 on transport and packaging. He fixed the labeled price of each calculator at Rs 320. However, he decided to give a discount of 5% on the labeled price. What is the percentage profit earned by him? A) 14%. B) 15%. C) 16%. D) 25%. Show Answer Correct Answer: A) 14%. 10. A milkman purchases the milk at Rs. x per litre and sells it at Rs. 2x per litre still he mixes 2 litres water with every 6 litres of pure milk. What is the profit percentage? A) 116%. B) 166.66%. C) 60%. D) 100%. Show Answer Correct Answer: B) 166.66%. ← 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