This quiz works best with JavaScript enabled. Home > Unit V Mathematical Reasoning And Aptitude > Profit And Loss – Quiz 61 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Profit And Loss Quiz 61 (10 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Mary bought a toy for $ 40 and sold it for $ 60. What is her percentage profit? A) 40%. B) 50%. C) 20%. D) 60%. Show Answer Correct Answer: B) 50%. 2. Tom helped his uncle move. He spent $ 30 for gas for his truck, and $ 20 for work gloves. His uncle paid him $ 200 for his help. What was Tom's profit? A) $ 50. B) $ 150. C) $ 250. D) $ 30. Show Answer Correct Answer: B) $ 150. 3. Calculate the percentage loss if an item is bought for N400 and sold for N364 A) 9.9%. B) 11%. C) 9%. D) 91%. Show Answer Correct Answer: C) 9%. 4. A painting was bought for $ 102 and sold some other years later for $ 138.Calculate the percentage profit. A) 64.7%. B) 135.3%. C) 35.3%. D) None of above. Show Answer Correct Answer: C) 35.3%. 5. By selling a book for Rs 258, a bookseller gains 20%. For how much should he sell it to gain 30%? A) Rs.297.50. B) Rs.278.00. C) Rs.279.50. D) Rs.279.00. Show Answer Correct Answer: C) Rs.279.50. 6. The profit earned after selling an article for Rs. 625 is same as the loss incurred after selling the article for Rs. 435. The cost price of the article is: A) Rs 575. B) Rs.530. C) Rs 500. D) Rs 430. Show Answer Correct Answer: B) Rs.530. 7. Find the profit: Cost Price = $ 120, Selling Price = $ 180. A) $ 80. B) $ 20. C) -$ 20. D) $ 60. Show Answer Correct Answer: D) $ 60. 8. A seller sells 12 chairs at a profit of 12% and 4 chairs at a loss of 3%. If his total profit is ' 1650, the cost price of each chair is: A) ' 1490. B) ' 1250. C) ' 1100. D) ' 1380. Show Answer Correct Answer: B) ' 1250. 9. Oliver sold a guitar for $ 150, and the cost price was $ 180. What is his percentage loss? A) 10%. B) $16\ \frac{2}{3}%$. C) 20%. D) 25%. Show Answer Correct Answer: B) $16\ \frac{2}{3}%$. 10. A Profit and Loss Account summarises a business's A) Stock and raw materials. B) Highs and lows. C) Pros and cons. D) Revenues and costs. Show Answer Correct Answer: D) Revenues and costs. ← 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