This quiz works best with JavaScript enabled. Home > Unit V Mathematical Reasoning And Aptitude > Profit And Loss – Quiz 58 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Profit And Loss Quiz 58 (10 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Latrell bought an old rocking chair at a yard sale for $ 12. He spent a total of $ 4.75 on supplies to repair and paint it. He sold it for $ 38. How much profit did he earn? A) $ 16.75. B) $ 21.25. C) $ 33.25. D) $ 30.75. Show Answer Correct Answer: B) $ 21.25. 2. If a video game costs $ 40 and you sell it for $ 50, what is your profit? A) $ 20. B) $ 15. C) $ 5. D) $ 10. Show Answer Correct Answer: D) $ 10. 3. Excess of debit in profit and loss account is called A) Net profit. B) Net loss. C) Gross profit. D) Gross loss. Show Answer Correct Answer: B) Net loss. 4. If Profit is Rs 20 and C.P is Rs 40 then profit percentage will be A) 40. B) 50. C) 60. D) 70. Show Answer Correct Answer: B) 50. 5. If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is? A) 12%. B) 30%. C) 50%. D) 60%. Show Answer Correct Answer: C) 50%. 6. Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is A) 6/19%. B) 6/17%. C) 60/11%. D) 38/11%. Show Answer Correct Answer: C) 60/11%. 7. A vendor bought bananas at 6 for a rupee. How many for a rupee must he sell to gain 20%? A) 5. B) 6. C) 3. D) 4. Show Answer Correct Answer: A) 5. 8. What does a positive value in profit or loss indicate? A) Profit. B) Loss. C) Break-even. D) No change. Show Answer Correct Answer: A) Profit. 9. Find the gain or loss per cent when:C P = Rs 1800 and SP = Rs 1611 A) L% = 10.5 %. B) L% = 10.8%. C) G% = 12 %. D) G% = 10%. Show Answer Correct Answer: A) L% = 10.5 %. 10. If CP = Rs 315 and loss = Rs 38, What will be the selling Price? A) Rs 350. B) Rs 277. C) Rs 237. D) Rs 327. Show Answer Correct Answer: B) Rs 277. ← 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