This quiz works best with JavaScript enabled. Home > Unit V Mathematical Reasoning And Aptitude > Profit And Loss – Quiz 57 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Profit And Loss Quiz 57 (10 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. If S.P < C.P, then there is a? A) Profit. B) Loss. C) Break-even. D) Revenue. Show Answer Correct Answer: B) Loss. 2. A trader purchased a mobile for Rs 4800 and sold it a profit of 20%. How much profit did she make? A) 900. B) 960. C) 1000. D) 1200. Show Answer Correct Answer: B) 960. 3. How do you calculate the selling price if you know the cost price and profit percentage? A) Selling Price = Cost Price * (1 + Profit Percentage / 100). B) Selling Price = Cost Price-Profit Percentage. C) Selling Price = Cost Price / (1 + Profit Percentage / 100). D) Selling Price = Cost Price + Profit Percentage. Show Answer Correct Answer: A) Selling Price = Cost Price * (1 + Profit Percentage / 100). 4. Mia sold a camera for $ 180, and the cost price was $ 150. What is her percentage profit? A) 10%. B) 20%. C) 16.67%. D) 25%. Show Answer Correct Answer: B) 20%. 5. A boat was purchased for 50,000 and sold for a 20% loss. What is the selling price? A) 49980. B) 50020. C) 60000. D) 40000. Show Answer Correct Answer: D) 40000. 6. John purchased a bicycle for $ 120 and sold it for $ 150. What is his percentage profit? A) 10%. B) 20%. C) 25%. D) 30%. Show Answer Correct Answer: C) 25%. 7. What is the selling price of the watch that Ann bought for $ 90 and sold at a profit of $ 8? A) $ 82. B) $ 98. C) $ 108. D) $ 118. Show Answer Correct Answer: B) $ 98. 8. Businesses are legally required to produce Profit and Loss Accounts for? A) The police. B) The council. C) The Queen. D) The Inland Revenue. Show Answer Correct Answer: D) The Inland Revenue. 9. A trader bought 10 kg of apples for Rs. 405 out of which 1 kg of apples were found to be rotten. If he wishes to make a profit of 10%, at what rate should he sell the remaining apples per kg? A) Rs. 45. B) Rs. 49.50. C) Rs. 50. D) Rs. 51. Show Answer Correct Answer: B) Rs. 49.50. 10. Where do we show dividend received? A) Profit and loss debit side. B) Profit and loss credit side. Show Answer Correct Answer: B) Profit and loss credit side. ← 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