This quiz works best with JavaScript enabled. Home > Unit V Mathematical Reasoning And Aptitude > Profit And Loss – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Profit And Loss Quiz 6 (10 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. If you buy a bicycle for $ 100 and sell it for $ 90, what is your loss? A) $ 20. B) $ 10. C) $ 15. D) $ 5. Show Answer Correct Answer: B) $ 10. 2. Lacy makes necklaces to sell to her classmates and friends. She spends $ 2 on materials for each necklace. She makes bracelets as well that cost her $ 4 in materials for each bracelet. She sells each necklace for $ 10. How much profit will she make if she sells 5 necklaces? A) $ 24. B) $ 40. C) $ 16. D) $ 52. Show Answer Correct Answer: B) $ 40. 3. A merchant buys a phone case for Rp30.000 and sells it for Rp27.000. The loss is ..... A) Rp1.000. B) Rp2.000. C) Rp3.000. D) Rp5.000. Show Answer Correct Answer: C) Rp3.000. 4. Cedric started a landscaping business. In July, he earned $ 3,000 and spent $ 943 on equipment. What is Cedric's profit for the month of July? A) $ 943. B) $ 2,057. C) $ 2,056. D) $ 1,056. Show Answer Correct Answer: B) $ 2,057. 5. By selling an article at Rs.800, a shopkeeper makes a profit of 25%.At what price should he sell the article so as to make a loss of 25%? A) Rs.720. B) Rs.640. C) Rs.540. D) Rs.480. Show Answer Correct Answer: D) Rs.480. 6. Harika bought a packet of sketch pens for $ 148. She sold it for $ 138. Did she make a profit or loss and by how much? A) Profit of $ 20. B) Profit of $ 10. C) Loss of $ 20. D) Loss of $ 10. Show Answer Correct Answer: D) Loss of $ 10. 7. Suzie bought a school bag for $ 187. She sold the bag for $ 150. Did she make a profit or loss and by how much? A) Loss of $ 37. B) Profit of $ 30. C) Loss of $ 40. D) Profit of $ 37. Show Answer Correct Answer: A) Loss of $ 37. 8. A shopkeeper bought a bicycle for ' 3000 and sold the same for ' 3400. How much was his profit? A) 3000. B) 3400. C) 400. D) 3040. Show Answer Correct Answer: C) 400. 9. Tanner sold decorative masks at a flea market. The cost of the materials for creating the masks was $ 48. Tanner received $ 330 from selling the masks. What was Tanner's profit? A) $ 291. B) $ 283. C) $ 281. D) $ 282. Show Answer Correct Answer: D) $ 282. 10. Find the profit: CP = Rs 120 SP = Rs 170 A) Rs 60. B) Rs 50. C) Rs 30. D) -Rs 50. Show Answer Correct Answer: B) Rs 50. ← 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 7Profit And Loss Quiz 8Profit And Loss Quiz 9Profit And Loss Quiz 10Profit And Loss Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books