Profit And Loss Quiz 54 (10 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. What is the formula for calculating profit or loss?

Correct Answer: A) Selling price-cost price.

2. Calculate the percentage profit if an item is bought for $ 42 and sold for $ 52.50

Correct Answer: B) 25%.

3. Calculate the percentage loss if an item is bought for $ 70 and sold for $ 49

Correct Answer: C) 30%.

4. Om Sold a book for Rs 120 at a profit of Rs 40. Find his Profit %

Correct Answer: D) 50%.

5. A person incurs a loss of 5% be selling a watch for Rs. 1140. At what price should the watch be sold to earn 5% profit.

Correct Answer: C) Rs. 1260.

6. Salsa buys a notebook for Rp12.000 and sells it for Rp18.000. The profit is .....

Correct Answer: C) Rp6.000.

7. A shopkeeper buys a product for Rs.84 and sold it for 16.66% profit.what will be the Selling price?

Correct Answer: C) 98.

8. Ani buys a doll for Rp65.000 and sells it for Rp70.000. The profit is .....

Correct Answer: C) Rp5.000.

9. By selling a bag of Gucci for RM1,750 a trader gained RM350. How much was her cost price?

Correct Answer: B) RM1,400.

10. If cost price (CP) greater than selling price (SP) then it means we get .....

Correct Answer: B) Loss.