Profit And Loss Quiz 4 (10 MCQs)

Quiz Instructions

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1. Find the selling price of an item which was bought for N4100 and sold at a profit of N750

Correct Answer: C) N4850.

2. Manish bought a home theater and sold it to Neeta. Neeta in turn sold it to Deepesh, each earning profit of 25%. Which of the following is true?

Correct Answer: C) Neeta earned more profit than Manish.

3. CP = Rs 800 Loss = Rs 110 find SP

Correct Answer: A) 690.

4. Cost price of the product is Rs.2000 by selling it the shopkeeper incurred 30% loss.what is the selling price?

Correct Answer: A) 1400.

5. What was the selling price of the shirt that Ken bought for $ 45 and sold at a profit of $ 12?

Correct Answer: C) $ 57.

6. Which is the better buy?

Correct Answer: B) A 6-pack of t-shirts for $ 3.12.

7. If the selling price of a flower vase is 5/6 of its cost price, find the loss per cent.

Correct Answer: B) 50/3 %.

8. Heena bought a mobile for Rs.5000 and sold it for Rs. 6,500 to her friend. The profit percent is

Correct Answer: A) 30%.

9. A percent of sales amount awarded to the person making the sale

Correct Answer: B) Commission.

10. If you have a cost price of $ 50 and sell it for $ 40, what is your loss?

Correct Answer: A) $ 10.