This quiz works best with JavaScript enabled. Home > Unit V Mathematical Reasoning And Aptitude > Profit And Loss – Quiz 42 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Profit And Loss Quiz 42 (10 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is a profit? A) A record of money earned and spent. B) A very powerful force that can destroy anything in its way. C) The amount of money left after all the costs of running a business have been subtracted from all the money earned. D) None of above. Show Answer Correct Answer: C) The amount of money left after all the costs of running a business have been subtracted from all the money earned. 2. The labelled price of a laptop is Rs.55000. A shopkeeper allowed 5% discount on it. If the cost price of the laptop is Rs.50000, what is his profit percentage? A) 6.5%. B) 5.5%. C) 4.5%. D) 3.5%. Show Answer Correct Answer: C) 4.5%. 3. Weston bought a picture frame for $ 3 at a thrift store. He paid $ 2 for paint to update it. He sold the frame for $ 15. How much profit did he earn? A) $ 20. B) $ 13. C) $ 12. D) $ 10. Show Answer Correct Answer: D) $ 10. 4. CP = 2500, SP = 2000, Find Loss %? A) 25 %. B) 20%. C) 50%. D) 16.66%. Show Answer Correct Answer: B) 20%. 5. If S.P > C.P then we will have A) Profit. B) Loss. C) Discount. D) None of the above. Show Answer Correct Answer: A) Profit. 6. Aariz bought a shirt for PKR 20,000 and sold it for a profit of 5%. How much was it sold for? A) PKR 21,000. B) PKR 19,500. C) PKR 15,000. D) PKR 22,000. Show Answer Correct Answer: A) PKR 21,000. 7. If Cost price is $ 1340 and profit is $ 50, what is the Selling price? A) $ 1400. B) $ 1360. C) $ 1350. D) $ 1390. Show Answer Correct Answer: D) $ 1390. 8. A boy had a bike for Rs 32,000 and was sold for Rs 46,000. What was the boy's profit? A) Rs 13,000. B) Rs 14,000. C) Rs 4,000. D) Rs 78,000. Show Answer Correct Answer: B) Rs 14,000. 9. If the selling price of 10 pens is equal to cost price of 14 pens, find the gain percent? A) 20 %. B) 30 %. C) 40 %. D) 50 %. Show Answer Correct Answer: C) 40 %. 10. If the selling price of an item is $ 120 and the cost price is $ 100, what is the profit? A) 30. B) 10. C) 20. D) 50. Show Answer Correct Answer: C) 20. ← 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