This quiz works best with JavaScript enabled. Home > Unit V Mathematical Reasoning And Aptitude > Profit And Loss – Quiz 32 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Profit And Loss Quiz 32 (10 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Henry bought a tablet for $ 200 and sold it for $ 180. What is his percentage loss? A) 5%. B) 10%. C) 15%. D) 20%. Show Answer Correct Answer: B) 10%. 2. Mia bought a painting for $ 200 and later sold it for $ 250. How much profit did she make from the sale? A) $ 50. B) $ 25. C) $ 100. D) $ 75. Show Answer Correct Answer: A) $ 50. 3. A vendor bought toffees at 14 for a rupee. How many for a rupee must he sell to gain 40%?(in%) A) 5. B) 7. C) 9. D) 10. Show Answer Correct Answer: D) 10. 4. What are the key components of a profit and loss statement? A) Sales, Marketing, Human resources. B) Assets, Liabilities, Equity. C) Cash flow, Inventory, Accounts receivable. D) Revenue, Cost of Goods Sold, Gross Profit, Operating Expenses, Operating Income, Non-operating Income, Taxes, Net Income. Show Answer Correct Answer: D) Revenue, Cost of Goods Sold, Gross Profit, Operating Expenses, Operating Income, Non-operating Income, Taxes, Net Income. 5. The amount for which the product is sold is called? A) Cost Price. B) Purchase Price. C) Selling Price. D) None of above. Show Answer Correct Answer: C) Selling Price. 6. A bookseller sells all his books at a profit of 10%. If he buys a book from the distributor at Rs 200, how much does he sell it for? A) Rs.190. B) Rs.220. C) Rs.200. D) Rs.245. Show Answer Correct Answer: B) Rs.220. 7. The price of a pair of shoes is Rp 180,000. The seller wants to get 20% profit for selling this shoes. The selling price of the shoes to reach this profit is ..... A) Rp 540,000. B) Rp 340,000. C) Rp 216,000. D) Rp 214,000. Show Answer Correct Answer: C) Rp 216,000. 8. The variable cost incurred to a manufacturer of Marikina sandals is Php 86. The store decided to sell each sandal for Php 150. At least how much must she earn to break-even if the fixed cost is Php 25,000? A) Php 37,890.22. B) Php 43,253.43. C) Php 58,594. D) None of the Above. Show Answer Correct Answer: C) Php 58,594. 9. You spent $ 30 on a project and earned $ 25. What is your loss? A) $ 10. B) $ 0. C) $ 15. D) $ 5. Show Answer Correct Answer: D) $ 5. 10. If the income of a business is higher than its expenses they can get ..... A) Profit. B) Loss. C) Investment. D) Entrepreneur. Show Answer Correct Answer: A) Profit. ← 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