This quiz works best with JavaScript enabled. Home > Unit V Mathematical Reasoning And Aptitude > Profit And Loss – Quiz 53 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Profit And Loss Quiz 53 (10 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The cost price of 15 articles is equal to the selling price of 10 articles. Then find the profit or loss percentage. A) 25%. B) 40%. C) 50%. D) 10%. Show Answer Correct Answer: C) 50%. 2. What is meaning of loss? A) Difference between marked price and selling price. B) Difference between cost price and marked price. C) Difference between selling price and cost price. D) All of the above. Show Answer Correct Answer: C) Difference between selling price and cost price. 3. A car is purchased for $ 5000 and sold for $ 6000. This is a A) Loss of $ 1000. B) Profit of $ 1000. C) Profit of $ 11000. D) Loss of $ 11000. Show Answer Correct Answer: B) Profit of $ 1000. 4. A trader buys rice for Rp450.000 and sells it for Rp500.000. The profit is ..... A) Rp40.000. B) Rp45.000. C) Rp50.000. D) Rp55.000. Show Answer Correct Answer: C) Rp50.000. 5. What is loss in a business context? A) A financial gain resulting from successful operations. B) Loss occurs when the total costs exceed the total revenue, resulting in a negative financial outcome. C) A situation where total revenue equals total costs. D) An increase in assets without corresponding liabilities. Show Answer Correct Answer: B) Loss occurs when the total costs exceed the total revenue, resulting in a negative financial outcome. 6. A grocer bought 300 eggs at Rs. 8 each. 25 eggs were broken and he/she sold the remaining eggs at Rs. 9.60 each. Find his/her Profit or Loss Percent. A) 11%. B) 12%. C) 10%. D) 25%. Show Answer Correct Answer: C) 10%. 7. Ill in the blank with the correct words. Word Bank: profit, cost, selling price, cost, profit. The ..... is the total amount spent to make a dish. A) Cost. B) Profit. C) Selling price. D) Tips. Show Answer Correct Answer: A) Cost. 8. State true or false:profit=selling price[s.p]-cost price[c.p] A) True. B) False. C) Both options. D) Can't tell. Show Answer Correct Answer: A) True. 9. If 6 lemons are bought for Rs. 5 and sold 5 for Rs.6, what is the profit percent? A) 35%. B) 48%. C) 44%. D) 50%. Show Answer Correct Answer: C) 44%. 10. A bookstore bought 200 books for $ 800. If they sell each book for $ 5, how much profit will they make if they sell all the books? A) 250. B) 300. C) 200. D) 150. Show Answer Correct Answer: C) 200. ← 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