This quiz works best with JavaScript enabled. Home > Unit V Mathematical Reasoning And Aptitude > Profit And Loss – Quiz 49 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Profit And Loss Quiz 49 (10 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Two bicycles were sold for Rs. 3990 each, gaining 5% on one and losing 5% on the other. The gain or loss percent on the whole transaction is A) Neither gain nor loss. B) 2.5% gain. C) 2.5% loss. D) 0.25% loss. Show Answer Correct Answer: D) 0.25% loss. 2. What does it mean to neither make a profit nor lose money? A) Loss. B) Make profit. C) Break even. D) None of above. Show Answer Correct Answer: C) Break even. 3. Income greater than expenses ..... A) Profit. B) Demand. C) Share. D) Loss. Show Answer Correct Answer: A) Profit. 4. Profit = Rs 50 CP = Rs 500 Find SP A) 450. B) 550. C) 650. D) 600. Show Answer Correct Answer: B) 550. 5. Samar purchased a bicycle for Rs 4200 and spent Rs 800 on its repairs. He had to sell it for Rs 4500 then there is A) Loss of 10%. B) Gain of 10%. C) Loss of 30%. D) Gain of 30%. Show Answer Correct Answer: A) Loss of 10%. 6. With the correct words. Word Bank: profit, cost, selling price, cost, profit. If the cost of a dish is higher than the selling price, the restaurant will have a ..... A) Loss. B) Discount. C) Profit. D) Revenue. Show Answer Correct Answer: A) Loss. 7. Find the selling price when:cost price = Rs.2475, loss = 8 % A) Rs.2277. B) Rs.2673. C) Rs.2372. D) Rs.2296. Show Answer Correct Answer: A) Rs.2277. 8. Jackie is making lemonade. She buys sugar, lemons, and cups for $ 17. She made $ 41 from selling the lemonade. What is her profit? A) $ 58. B) $ 17. C) $ 24. D) $ 41. Show Answer Correct Answer: C) $ 24. 9. Find the SP when:C P = Rs 1540, loss = 4% A) Rs.1476.50. B) Rs.1472.40. C) Rs.1478.40. D) Rs.1478.00. Show Answer Correct Answer: C) Rs.1478.40. 10. What is the profit percent when 8 pens are sold at the cost price of 10 pens? A) 20%. B) 10%. C) 25%. D) 50%. Show Answer Correct Answer: C) 25%. ← 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