Math Quiz: How Much You Can Score In Profit And Loss Test?

15 Questions | Total Attempts: 880

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Math Quiz: How Much You Can Score In Profit And Loss Test?

How much can you score in the profit and loss test? Did you know that profit is a math variable used to express financial gain? Do you know it is time you spend operating, buying, or producing something, and did you know that loss is the amount of money lost in business? Take this quiz and add up your profits and losses!


Questions and Answers
  • 1. 
    Shyam buys 10 apples for Rs 1. At what price should he sell a dozen apples if he wishes to make a profit of 25%?
    • A. 

      Rs 0.125

    • B. 

      Rs 1.25

    • C. 

      Rs 1.5

    • D. 

      Rs 1.8

  • 2. 
    Sonia bought a machine for Rs. 80,000 and spent Rs.5000 on repair and Rs.1000 on transport and sold it with 25% profit. At what price did he sell the machine?
    • A. 

      Rs. 1,05,100

    • B. 

      Rs. 1,06,250

    • C. 

      Rs. 1,07,500

    • D. 

      Rs. 1,17,500

  • 3. 
    What is the maximum percentage discount that a merchant can offer on her Marked Price so that she ends up selling at no profit or loss, if she had initially marked her goods up by 50%?
    • A. 

      33.33%

    • B. 

      20%

    • C. 

      25%

    • D. 

      16.67%

  • 4. 
    Vikash bought a suitcase with 15% discount on the labeled price. He said the suitcase for Rs.2880 with 20% profit on the labeled price. At what price did he buy the suitcase?
    • A. 

      Rs.2040

    • B. 

      Rs. 2400

    • C. 

      Rs. 2604

    • D. 

      Rs. 2640

  • 5. 
      When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%?  
    • A. 

      Rs. 21,000

    • B. 

      Rs. 22,500

    • C. 

      Rs. 25,300

    • D. 

      Rs. 25,800

  • 6. 
    'X' sold an article for Rs.1080 thereby losing 10%. 'Y' sold another article for Rs.1800 at a loss of 10%. Who incurred a greater loss?
    • A. 

      X

    • B. 

      Y

    • C. 

      Can not be determined

    • D. 

      Both have equal

  • 7. 
    In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?
    • A. 

      30%

    • B. 

      70%

    • C. 

      80%

    • D. 

      100%

  • 8. 
    If the cost price of 20 articles is equal to the selling price of 25 articles, what is the % profit or loss made by the merchant?
    • A. 

      25% loss

    • B. 

      25% profit

    • C. 

      20% loss

    • D. 

      20% profit

  • 9. 
    If a man reduces the selling price of a fan from Rs.400 to Rs.380, his loss increases by 2%. The cost price of the fan is-
    • A. 

      Rs. 480

    • B. 

      Rs. 500

    • C. 

      Rs. 600

    • D. 

      Rs. 1000

  • 10. 
    In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?
    • A. 

      30%

    • B. 

      70%

    • C. 

      100%

    • D. 

      250%

  • 11. 
    100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. The percentage of profit or loss is?
    • A. 

      100/3 profit

    • B. 

      100/7 loss

    • C. 

      100/7 profit

    • D. 

      100/3 loss

  • 12. 
    By selling an article, sheetal earned a profit equal to 1/4th of the price he bought it. If he sold it for Rs.375 what was the cost price?
    • A. 

      Rs 300

    • B. 

      Rs 350

    • C. 

      Rs 600

    • D. 

      Rs 400

  • 13. 
    By selling a pen for Rs.15, a man loses one sixteenth of what it costs him. The cost of the pen is?
    • A. 

      Rs 10

    • B. 

      Rs 15

    • C. 

      Rs 8

    • D. 

      Rs 16

  • 14. 
    The cost of an article including the sales tax is Rs 616.The rate of sales tax is 10%,if the shopkeeper has made a profit of 12%,then the cost price of the article is?
    • A. 

      Rs 600

    • B. 

      Rs 500

    • C. 

      Rs 750

    • D. 

      Rs 100

  • 15. 
    The price of the jewel,passing through three hands,rises on the whole by65%.if the first and the second sellers 20%and25% profit respectively find the percentage profit earned by the third seller?
    • A. 

      10%

    • B. 

      20%

    • C. 

      25%

    • D. 

      5%

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