This quiz works best with JavaScript enabled. Home > Unit V Mathematical Reasoning And Aptitude > Profit And Loss – Quiz 68 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Profit And Loss Quiz 68 (10 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Raju got a dress for 500 and sold it for 450. How much is the loss? A) 50. B) 100. C) 140. D) None. Show Answer Correct Answer: A) 50. 2. If James sells his car for $ 1,000 and bought it for $ 2500. What is the percentage loss made on the car. A) 15%. B) 10%. C) 60%. D) 150%. Show Answer Correct Answer: C) 60%. 3. What is the purpose of a profit and loss statement? A) To determine the company's mission statement. B) To measure customer satisfaction. C) To show the financial performance of a company. D) To track employee attendance. Show Answer Correct Answer: C) To show the financial performance of a company. 4. Pashmina shawls from Jammu Kashmiri cost Rs. 600 and it was sold at Rs. 550..So tell whether it is a profit or loss? A) Profit. B) Loss. Show Answer Correct Answer: B) Loss. 5. Selling Price-Cost Price = Loss A) True. B) False. Show Answer Correct Answer: B) False. 6. A book purchased for $ 20 and sold for $ 15 is a.. A) Profit of $ 5. B) Loss of $ 5. C) Profit of $ 35. D) Loss of $ 35. Show Answer Correct Answer: B) Loss of $ 5. 7. If CP = Rs. x and SP = Rs. y then Profit = A) X-y. B) Y-x. C) X + y. D) None of above. Show Answer Correct Answer: B) Y-x. 8. If the cost price of 15 pens is equal to the selling price of 20 pens, then the loss percent is A) 12%. B) 18%. C) 20%. D) 25%. Show Answer Correct Answer: D) 25%. 9. CP = Rs. 75, loss = Rs. 35, SP =? A) Rs. 100. B) Rs. 45. C) Rs. 40. D) Rs. 110. Show Answer Correct Answer: C) Rs. 40. 10. If the selling price is less than the cost price, the business has made a ..... A) Profit. B) Loss. C) Break-even. D) Investment. Show Answer Correct Answer: B) Loss. ← 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