Profit and loss

Profit and loss

University

8 Qs

quiz-placeholder

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Profit and loss

Profit and loss

Assessment

Quiz

English

University

Medium

Created by

Nilufar Azimova

Used 7+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the money you have left after paying for business expenses.

loss

price

profit

cost

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

to make something better

improve

margin

expense

increase

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It refers to the direct costs of producing the goods sold by a company. This amount includes the cost of the materials and labor directly used to create the good

Fixed costs

Cost of goods sold (COGS)

Variable costs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

neither make a profit nor lose money

loss

make profit

break even

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Maria sold a bicycle for $ 24900 at a profit of $ 600. Find the price at which she bought it.

$ 24300

$ 600

$ 24900

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Ron has a cycle worth $ 1800 and he wants to sell it at a profit of $ 220. What should cycles selling price be?

$ 1800

$ 2020

$ 900

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the amount of money your business earns after deducting all operating, interest, and tax expenses over a given period of time.

variable costs

overhead costs

net profit

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Nora bought her home in 2002 for $310,000. She sold her home in 2012 for $650,000. What profit did she make?

$300,000

$330,000

$340,000