PROFIT OR LOSS

Quiz by rodney necesito

Grade 11
Business Mathematics
Philippines Curriculum: SHS Specialized Subjects (MELC)

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9 questions
Show answers
• Q1

1. It occurs when the cost and expenses exceed the selling price or sales.

Loss

Cost Price

Operating expenses

Profit

30s
• Q2

2.The money earned after the cost price (direct cost) and the other operating costs (indirect cost) are accounted for after the sale of a commodity is called__________________.

Operating expenses

Profit

Cost Price

Loss

45s
• Q3

3.Aaron gains 30% in selling a bookshelf for Php 4500. What is the cost of bookshelf? (Round-off your answer to whole number)

Php 3482

Php 3472

Php 3492

Php 3462

120s
• Q4

4. What is the loss percent if the retailer sells a pair of rubber shoes for Php 1,460 which was bought for Php 1,825?

21%

23%

20%

25%

120s
• Q5

5.Mr. Santos bought 100 pieces of notebook for Php 2000 and sold each for Php23. Find the loss or profit in selling the notebook.

Loss – Php300

Loss – Php 250

Gain – Php 250

Gain – Php 300

120s
• Q6

6. What is the selling price of an outdated jacket if its cost is Php 550 and loss percentage is 24%

Php 398

Php 418

Php 408

Php 428

120s
• Q7

7. Mr. Tan bought 3 dozens of roses for Php 720 which he now sells for Php24 each.If 7 of the roses wither, did he gain or loss in selling rose? By how much?

Gain Php 42

Gain Php 24

Loss Php 24

Loss Php 42

120s
• Q8

8. Arman sold a chess board to Noel with a markup rate of 12%, Noel then sold it to Victor and incurred a loss of 10%. If Victor paid the chess board for 1200,how much is the cost of the chess board?

Php 1190.47

Php 1200.47

Php 1210.47

Php 1180.47

120s
• Q9

9. Ivy sold two cellphones for Php 13500 each. She gains 10% on the first cellphone but losses 10% on the other. Find the cost of the two cellphones.

Php 12,172.73,    Php 15,000

Php 11,972.73,   Php 14,850

Php 12,072.73,    Php 14,850

Php 12,272.73,    Php 15,000

300s

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