Profit And Loss Quiz 45 (10 MCQs)

Quiz Instructions

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1. What was the selling price of the dress that Betty bought for $ 325 and sold at a profit of $ 45?

Correct Answer: B) $ 370.

2. State whether this statement is true or false: profit= selling price[S.P.]-cost price[C.P]

Correct Answer: A) True.

3. Benjamin bought a watch for $ 150 and sold it for $ 120. What is his percentage loss?

Correct Answer: B) 20%.

4. On selling a sofa-set for Rs 21600, a dealer gains 8%. For how much did he purchase it?

Correct Answer: C) Rs.20000.

5. If the cost price of an item is $ 200 and the selling price is $ 250, what is the profit percentage?

Correct Answer: B) 25%.

6. A watch was bought for Rs. 190 and sold for Rs. 175. Find the profit or loss.

Correct Answer: C) Loss = Rs.15.

7. The shopkeeper sold a ball at a profit of Rs.69 to Ricky.Find the selling price of the ball if the Cost price is Rs.669.

Correct Answer: B) 738.

8. Jamie builds and sells boxes for worm farms. The materials to build cost $ 13. She sells the boxes for $ 20. How much profit will Jamie make?

Correct Answer: A) $ 7.

9. A pen costs Rs. 27.50. A shopkeeper sold it in Rs. 28.60. Find profit percent.

Correct Answer: C) 4 %.

10. A calculator that costs Rs 517 is sold out at Rs 575. What is the profit that is made?

Correct Answer: A) Rs 58.