8th Grade Risk & Return Quizzes, Questions & Answers

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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...

Questions: 30 | Attempts: 2912 | Last updated: Jan 6, 2025

Sample Question 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%?

Rs 0.125

Rs 1.25

Rs 1.5

Rs 1.8

Sample Question 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?

Rs. 1,05,100

Rs. 1,06,250

Rs. 1,07,500

Rs. 1,17,500

Sample Question 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%?

33.33%

20%

25%

16.67%