This quiz works best with JavaScript enabled. Home > Unit V Mathematical Reasoning And Aptitude > Profit And Loss – Quiz 64 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Profit And Loss Quiz 64 (10 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The percentage ratio between profit and CP is called the profit percent. Mark True / False. A) True. B) False. Show Answer Correct Answer: A) True. 2. An item sold for $ 230 at a profit of $ 25 had a cost price of A) $ 255. B) $ 205. Show Answer Correct Answer: B) $ 205. 3. A bakery made 100 cupcakes for $ 200. If they sold all the cupcakes for $ 3 each, what is their total profit? A) $ 50. B) 100. C) $ 150. D) $ 200. Show Answer Correct Answer: B) 100. 4. A shopkeeper bought a watch for Rs. 1,250 and sold it for Rs. 1,500. Find his/her profit percent. A) 50%. B) 90%. C) 10%. D) 20%. Show Answer Correct Answer: D) 20%. 5. Sophia purchased a tablet for $ 200 and sold it for $ 220. What is her percentage profit? A) 5%. B) 10%. C) 15%. D) 20%. Show Answer Correct Answer: B) 10%. 6. What is the formula to calculate the cost price? A) Cost Price = (Selling Price * 100) / (100-Profit Percentage). B) Cost Price = (Selling Price * 100) / (100 * Profit Percentage). C) Cost Price = (Selling Price + Profit Percentage) / 100. D) Cost Price = (Selling Price * 100) / (100 + Profit Percentage). Show Answer Correct Answer: D) Cost Price = (Selling Price * 100) / (100 + Profit Percentage). 7. A restaurant spent $ 12,000 to run their business last month. They made $ 15,000. Did they make a profit or have a loss? A) Profit. B) Loss. Show Answer Correct Answer: A) Profit. 8. Zeanna bought the following pair of shoes for $ 85 and sold it for $ 100.What is the cost price of the shoes? A) $ 15. B) $ 85. C) $ 100. D) None of above. Show Answer Correct Answer: B) $ 85. 9. What is the selling price of an item if the cost price is $ 80 and the profit percentage is 25%? A) $ 60. B) $ 100. C) $ 90. D) $ 120. Show Answer Correct Answer: B) $ 100. 10. Cost price = $ 2,290 Selling price = $ 2,498 A) Profit. B) Loss. Show Answer Correct Answer: A) Profit. ← 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