Profit And Loss Quiz 38 (10 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. Why would the Government be interested in a profit and loss account?

Correct Answer: D) It would show how much tax they paid/need to apy.

2. Doni buys a backpack for Rp150.000 and sells it for Rp180.000. The profit is .....

Correct Answer: C) Rp30.000.

3. It costs $ 920 to produce 2200 pens to be sold. If the pens are sold for $ 3 each, then what is the profit?

Correct Answer: A) $ 5680.

4. Ram bought a pen for Rs. 20 and sold it for Rs. 25. Find his profit.

Correct Answer: D) Rs 5.

5. Shane made a profit of $ 5.45 by selling his book for $ 70.80. What was the cost price of his book?

Correct Answer: B) $ 65.35.

6. Ethan purchased a smartphone for $ 400 and sold it for $ 320. What is his percentage loss?

Correct Answer: C) 20%.

7. A shirt costs $ 20 and is sold for $ 25. What is the profit?

Correct Answer: D) $ 5.

8. When CP is equal to SP, then it is called to be as .....?

Correct Answer: B) No Gain no loss.

9. By selling an article for $ 320, the profit was 20% of the cost price. What was the cost price of the article?

Correct Answer: B) $ 266.66.

10. CP = Rs. 45, Profit = Rs. 15. Find the SP.

Correct Answer: A) Rs. 60.