This quiz works best with JavaScript enabled. Home > Unit V Mathematical Reasoning And Aptitude > Profit And Loss – Quiz 52 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Profit And Loss Quiz 52 (10 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The formula of profit is- A) CP-SP. B) SP-CP. C) Both A and B. D) None of the above. Show Answer Correct Answer: B) SP-CP. 2. A student buys a pen for Rs 90 and sells it for Rs 100. Find his gain percent. A) 100/9 %. B) 110/9 %. C) 111/9 %. D) 99/9 %. Show Answer Correct Answer: A) 100/9 %. 3. Rahul purchased a sofa set for Rs 22,000 and spent Rs 2,500 on transportation and sold to his friend for Rs 25,750. find his gain or loss A) Gain= Rs 1250. B) Loss = Rs 1250. C) Gain = Rs 1200. D) Loss = Rs 1200. Show Answer Correct Answer: A) Gain= Rs 1250. 4. If Cost Price is greater than Selling Price. It is a? A) Profit. B) Loss. Show Answer Correct Answer: B) Loss. 5. If you want to sell the watch on profit, then ..... A) Selling price of watch is greater than its Cost price. B) Cost price of watch is greater than its Selling price. Show Answer Correct Answer: A) Selling price of watch is greater than its Cost price. 6. A piece of land was purchased for $ 100,000 and sold at a 24% profit. What is the selling price? A) 100,024. B) 99,976. C) 124,000. D) 76,000. Show Answer Correct Answer: C) 124,000. 7. Sarah is knitting scarves to sell online. It costs her $ 4.50 to make each scarf. If she sells them for $ 12.00, how much profit will she make on each scarf? A) $ 5.50. B) $ 6.50. C) $ 8.50. D) $ 7.50. Show Answer Correct Answer: D) $ 7.50. 8. Selling something for less than you buy it for ..... A) Loss. B) Share. C) Demand. D) Interest. Show Answer Correct Answer: A) Loss. 9. In March your company had a loss of $ 5600. Due to good sales, April profits were $ 55, 280. How much more did the company earn in April than in March? A) $ 49, 680. B) $ 50, 680. C) $ 60, 880. D) $ 65, 880. Show Answer Correct Answer: C) $ 60, 880. 10. By selling 36 oranges, a vendor suffers a loss equal to the selling price of 4 oranges. Find his loss per cent. A) 10%. B) 14%. C) 12%. D) 7%. Show Answer Correct Answer: A) 10%. ← 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