Profit And Loss Quiz 9 (10 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. John bought an old motor bike for $ 5675 and spent $ 453 on it's repair. Then he sold it for $ 7265, find out the profit he made.

Correct Answer: C) $ 1137.

2. Budi buys a pair of shoes for Rp200.000 and sells it for Rp180.000. The loss is .....

Correct Answer: C) Rp20.000.

3. Find the CP when:SP = Rs. 500 and profit = 10%

Correct Answer: A) Rs. 454.55.

4. If the cost price of a bag is RM10 and the selling price is RM12, was a profit or a loss made?

Correct Answer: A) Profit.

5. Loss = S.P-C.P

Correct Answer: B) False.

6. A cycle is bought for Rs.900 and sold for Rs.1080, find the gain percent?

Correct Answer: B) 20%.

7. The cost price of 40 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is:

Correct Answer: A) 32.

8. A grocery store spent $ 11,000 to run their business last month. They made $ 9,000. Did they make a profit or have a loss?

Correct Answer: B) Loss.

9. You sold cookies for $ 10 but spent $ 6 on ingredients. What is your profit?

Correct Answer: A) $ 4.

10. Zeanna bought the following pair of shoes for $ 85 and sold it for $ 100.She made a profit.

Correct Answer: A) True.