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Profit and loss simple short quiz

Total questions: 14

Worksheet time: 11mins

Name
Class
Date
1.

Cost price =

a)

selling prce - profit

b)

profit - selling price

c)

selling price + profit

d)

none of the above

2.

Loss =

a)

SP - CP

b)

SP + CP

c)

CP - SP

d)

none of the above

3.

Percentage of profit =

a)

ProfitSP×100 %\frac{\Pr ofit}{SP}\times100\ \%

b)

SPCPCP×100 %\frac{SP-CP}{CP}\times100\ \%

c)

CPSPCP×100 %\frac{CP-SP}{CP}\times100\ \%

d)

none of the above

4.

If CP=Rs. 80; SP=Rs.120 then find profit percentage.

a)

33 13%33\ \frac{1}{3}\%

b)

50 %50\ \%

c)

40 %40\ \%

d)

20 %20\ \%

5.

Find the selling price, when:

CP=Rs.600, profit = 13 %

a)

Rs. 622

b)

Rs. 522

c)

Rs. 978

d)

Rs. 678

6.

A calculator that costs 517 is sold out at 575. What is the profit that is made ?

a)

₹ 58

b)

₹ 53

c)

₹ 55

d)

₹ 57

7.

How much Profit was made?

You sold 2 Mangoes for ₹100. They cost you ₹80 .

a)

₹ 50

b)

₹ 100

c)

₹ 20

d)

₹ 90

8.

A watch was bought for Rs. 190 and sold for Rs. 175. Find the profit or loss.

a)

Profit = Rs.25

b)

Profit = Rs. 15

c)

Loss = Rs.15

d)

Loss = Rs. 25

9.

A man buys a table for Rs.623 and a chair for Rs. 253 and sold both in market in Rs. 800. Then how much profit/loss he much get ?

a)

Loss, Rs. 73

b)

Loss, Rs. 78

c)

Loss, Rs. 76

d)

Profit Rs. 76

10.

Sushil bought six dozen bananas at Rs. 35 per dozen. He sold all the bananas for Rs. 300. Did he have a gain or loss or how much ?

a)

Loss, Rs. 50

b)

Profit, Rs. 80

c)

Loss, Rs. 90

d)

Profit, Rs. 90

11.

Salim is a carpenter. He sold a chair for Rs. 900 making a profit of Rs. 250. Find the cost price of the chair.

a)

Rs 1150

b)

Rs 900

c)

Rs 650

d)

Rs 750

12.

A boy had a bike for  ₹ 32000 and was sold for ₹ 45000. What was the boy's profit? 

a)

13000 

b)

12500

c)

23500

d)

don't know

13.

Find the profit: CP = ₹120, SP = ₹180

a)

₹80

b)

₹20

c)

-₹20

d)

₹60

14.
Calculate S.P if C.P is rupees 3,400 and profit is rupees 400.
a)
3800
b)
3000
c)
2600
d)
4200