This quiz works best with JavaScript enabled. Home > Unit V Mathematical Reasoning And Aptitude > Profit And Loss – Quiz 48 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Profit And Loss Quiz 48 (10 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Reena sold a carpet for $ 100. The cost price of the carpet was $ 80, find the profit or loss. A) $ 20 profit. B) $ 180 profit. C) $ 20 loss. D) $ 180 loss. Show Answer Correct Answer: A) $ 20 profit. 2. A wholesaler sold a water purifier at a loss of 40%. If the selling price has been increased by '125, then wholesaler will get the profit of 10%. What was the cost price of the purifier? A) ' 250. B) ' 225. C) ' 275. D) ' 300. Show Answer Correct Answer: A) ' 250. 3. A toy company produced 500 dolls at a cost of $ 1,000. If they sell each doll for $ 3, what is their total profit if all dolls are sold? A) 400. B) 500. C) 600. D) 300. Show Answer Correct Answer: B) 500. 4. If S.P = Rs 250 and C.P = Rs 300 then what will happen? A) Profit 50. B) Loss 50. C) Profit 550. D) Loss 550. Show Answer Correct Answer: B) Loss 50. 5. If a cost of a cap is Rs. 200, selling price is Rs.250 what is the percentage profit? A) 10%. B) 70%. C) 25%. D) 35%. Show Answer Correct Answer: C) 25%. 6. Define loss percentage in your own words. A) Loss percentage is the difference between the selling price and the market price. B) Loss percentage is the total profit made on an investment. C) Loss percentage is the amount of money gained from an investment. D) Loss percentage is the ratio of the loss incurred on an investment compared to its original cost, expressed as a percentage. Show Answer Correct Answer: D) Loss percentage is the ratio of the loss incurred on an investment compared to its original cost, expressed as a percentage. 7. Lily bought a skateboard for $ 90 and sold it for $ 120. What is her percentage profit? A) 10%. B) 20%. C) 25%. D) $33\ \frac{1}{3}%$. Show Answer Correct Answer: D) $33\ \frac{1}{3}%$. 8. You sold a painting for $ 50 but spent $ 70 on materials. What is your loss? A) $ 50. B) $ 30. C) $ 20. D) $ 10. Show Answer Correct Answer: C) $ 20. 9. Joko bought a phone for Rp1,000,000 and sold it for Rp1,200,000. A) Profit. B) Loss. Show Answer Correct Answer: A) Profit. 10. If an object is bought for N90 and then sold for a loss of 15%. How much was it sold for? A) N103.50. B) N80. C) N75. D) N76.50. Show Answer Correct Answer: D) N76.50. ← 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