This quiz works best with JavaScript enabled. Home > Unit V Mathematical Reasoning And Aptitude > Profit And Loss – Quiz 31 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Profit And Loss Quiz 31 (10 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Amit bought a bicycle for Rs.2400 and sold it for Rs.2100. Find the loss A) 2400. B) 300. C) 900. D) 2100. Show Answer Correct Answer: B) 300. 2. A cycle bought at Rs.8000, then it was sold to Rs.9500, find the profit percent? A) 16.50%. B) 17.70%. C) 18.75%. D) 19.55%. Show Answer Correct Answer: C) 18.75%. 3. Multiple Choice Questions: Choose the correct answer from the choice s for each question. What does a restaurant need to do to increase its profit on a dish? A) Increase the selling price or decrease the cost. B) Increase both the cost and selling price equally. C) Decrease the selling price and increase the cost. D) Keep both cost and selling price the same. Show Answer Correct Answer: A) Increase the selling price or decrease the cost. 4. Which type of profit shows how successful the business activity has been? A) Operating Profit. B) Sales. C) Expenses. D) Dividends. Show Answer Correct Answer: A) Operating Profit. 5. A fan was bought for $ 200.00 and sold for $ 345.00. What was the profit or loss? A) $ 145.00 profit. B) $ 145.00 loss. C) $ 55.00 profit. D) $ 55.00 loss. Show Answer Correct Answer: A) $ 145.00 profit. 6. Ron has a cycle worth $ 1800 and he wants to sell it at a profit of $ 220. What should cycles selling price be? A) $ 1800. B) $ 2020. C) $ 900. D) None of above. Show Answer Correct Answer: B) $ 2020. 7. Cost price-$ 4003, Selling price-$ 5000 A) Profit of $ 400. B) Loss of $ 1000. C) Loss of $ 2000. D) Profit of $ 997. Show Answer Correct Answer: D) Profit of $ 997. 8. When a loss happens? A) CP B) CP=SP. C) CP>SP. D) None of above. Show Answer Correct Answer: C) CP>SP. 9. An item sold for $ 400 at a loss of $ 40 had a cost price of A) $ 440. B) $ 360. Show Answer Correct Answer: A) $ 440. 10. Rena bought 8 boom box for $ 78,000. If she sell 4 boom box for $ 35,000, 3 for $ 25,000 and 1 for $ 12,000. Would Rena make a profit or a loss? A) Loss. B) Profit. C) None of the above. D) None of above. Show Answer Correct Answer: A) Loss. ← 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