Profit And Loss Quiz 55 (10 MCQs)

Quiz Instructions

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1. Vibha buys 11 articles for Rs.10 and sells them at 10 for Rs.11. Vibha's gain percent is

Correct Answer: D) 21%.

2. What was the selling price of the bicycle that Shane bought for $ 850 and sold at a loss of $ 75?

Correct Answer: A) $ 775.

3. Budi bought a toy for Rp50,000 but sold it for Rp40,000 because it was broken.

Correct Answer: B) Loss.

4. What profit percent is made by selling an article at a certain price, if by selling at 2/3rd of that price, there would be a loss of 20%?

Correct Answer: D) 20 %.

5. Ajay incurred a loss of 20% by selling a vase for Rs. 2880. To get a profit of 20% at what price should he sell the vase?

Correct Answer: A) 4320.

6. A vendor bought oranges at 20 for Rs.125 and sold them at Rs.90 per dozen. Find his gain or loss percent.

Correct Answer: B) Gain, 20%.

7. A pet store spent $ 17,000 last month to run their business. They made $ 20,000 last month. Did they make a profit or have a loss?

Correct Answer: A) Profit.

8. The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is:

Correct Answer: B) 16.

9. Find profit if CP = Rs. 790 and SP = Rs.1000

Correct Answer: B) Rs.210.

10. Emma bought a laptop for $ 800 and sold it for $ 950. What is her percentage profit?

Correct Answer: B) 18 3/4 %.