Profit & Loss Quiz
Profit & Loss Mastery Quiz
Test your knowledge on profit and loss with this engaging quiz! Designed for aspiring entrepreneurs and anyone interested in mastering the basics of pricing and profit margins, this quiz features 10 multiple-choice questions.
- Assess your understanding of profit and loss concepts
- Challenge yourself with practical scenarios
- Learn from detailed explanations after each question
A shopkeeper sells an article for Rs. 200 with a loss of Rs. 20 %. Find the cost price of the article.
220
250
280
260
The selling price of 40 apples is equal to cost price of 35 apples. Find the profit or loss obtained.
Gain of 5.5%
Loss of 5.5%
Gain of 12.5%
Loss of 12.5%
A shopkeeper sells his goods at cost price but uses a weight of 970 grams for a kg. weight. What is his gain percent?
3.09 %
5.08 %
3.26 %
4.23 %
After two successive discounts, a tie with a list price of Rs. 120 is available at Rs. 90. If second discount is 9 %, what is the first discount?
15.23 %
13.26 %
17.58 %
18.53 %
A trader expects a gain of 15 % on his cost price. If in a week his sale is of Rs. 580, then what is his profit?
75.65
73.26
72.50
70.78
S.P. of 10 candles is same as C.P. of 12 candles. Find the gain percent.
11 %
15 %
20 %
25 %
Find the single discount equivalent to a series discount of 30 %, 20 % and 10 %.
48.3 %
49.6 %
38.21 %
33.33 %
A dealer marks price of all the goods at 30 % above the cost price and assumes that he will make a profit of 15 % if he offers a discount of 15%. Find what will be his actual profit on sales?
15%
17.5%
12.5%
10.5%
If a boy sells a book for Rs. 450 he gets a loss of 10 %, then find cost price. To gain 10 %, what should be the selling price?
400, 500
500, 550
550, 600
475, 525
A gold necklace is marked for Rs.5,00,000. At what price, the customer would have bought the necklace after two successive discounts 20% and 15%?
3,00,000
3,50,000
3,75,000
4,00,000
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