This quiz works best with JavaScript enabled. Home > Unit V Mathematical Reasoning And Aptitude > Profit And Loss – Quiz 50 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Profit And Loss Quiz 50 (10 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Reynold bought an almirah for Rs.6250 and spent Rs.375 on its repairs. He, then, sold it for Rs.6890.Find his gain or loss percent. A) Gain, 4%. B) Gain,10.24%. C) Loss, 4%. D) Loss,10.24%. Show Answer Correct Answer: A) Gain, 4%. 2. Which three lines of the profit and loss account would make up the trading account? A) Sales Revenue, Cost of Sales and Gross Profit. B) Sales Revenue, Expenses and Gross Profit. C) Sales Revenue, Cost of Sales and Net Profit. D) Net Profit, Cost of Sales and Gross Profit. Show Answer Correct Answer: A) Sales Revenue, Cost of Sales and Gross Profit. 3. A man purchases a certain number of apples at 3 per rupee and the same number of apples at 4 per rupee. He mixes them together and sells them at 3 per rupee. What is his gain or loss percent? A) 16 (2/3)%. B) 14(2/7)%. C) 18%. D) 25%. Show Answer Correct Answer: B) 14(2/7)%. 4. If the cost price is 800 and the selling price is 900 then profit is gained. A) True. B) False. Show Answer Correct Answer: A) True. 5. By selling 42 oranges, a person loses a sum equal to the selling price of eight oranges. His loss percent is A) 16 %. B) 26%. C) 20%. D) 18%. Show Answer Correct Answer: A) 16 %. 6. A Shopkeeper sold two TV Sets. The Cost of each TV set was Rs. 12500. He Sold one at a Profit of Rs. 850 and the Other at a Loss of Rs. 225. Find the Selling Price of the 1st TV Set. A) Rs. 13350. B) Rs. 12280. C) Rs. 14009. D) None of These. Show Answer Correct Answer: A) Rs. 13350. 7. Aman buys a cycle for Rs. 1600 and sells it at a loss of 20%. What is the selling price of the cycle? A) 1280. B) 1320. C) 1450. D) 1520. Show Answer Correct Answer: A) 1280. 8. What is the selling price of goods purchased for $ 150 and sold at a 20% profit? A) $ 120. B) $ 140. C) $ 160. D) $ 180. Show Answer Correct Answer: D) $ 180. 9. Sean bought a spade for $ 36 and sold it for $ 45. Describe Sean's change in money after buying and selling the spade. A) 20% profit. B) 25% loss. C) 20% loss. D) 25% profit. Show Answer Correct Answer: D) 25% profit. 10. The cost price of an article is 90% of its selling price. What is the profit or the loss as percent? A) 10/9. B) 9/10. C) 9/100. D) 100/9. Show Answer Correct Answer: D) 100/9. ← 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