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PROFIT AND LOSS
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A man buys a car for ₹5,00,000 and spends ₹50,000 on repairs before selling it for ₹5,80,000. What is his profit? a) ₹80,000 b) ₹70,000 c) ₹30,000 d) ₹50,000
₹70,000
A bookstore spends ₹15,000 on books, ₹3,000 on rent, and ₹2,000 on staff salaries. What term describes these expenses? a) Profit b) Loss c) Overhead expenses d) Selling price
overhead expenses
Raj bought a mobile phone for ₹12,500 and sold it for ₹11,750. Did he make a profit or a loss? a) Profit of ₹750 b) Loss of ₹750 c) Profit of ₹1,000 d) Loss of ₹1,000
Loss of ₹750
A grocery shop owner bought 25 kg of sugar at ₹40 per kg. Later, the price dropped to ₹35 per kg, and he had to sell it at this rate. What is his total profit or loss? A. Profit 125 B. Loss 125
Loss Rs 125
A baker sells a cake for ₹500, which costs him ₹350 to make. What is his profit or loss ? A. Profit150 B. Loss 150
Profit Rs 150
A vendor purchases 15 kg of apples for ₹1,200 and sells them for ₹1,080. What does he incur—Profit or loss? A. Profit B. Loss
Loss
A shopkeeper bought a dress for ₹750 and sold it for ₹900. Did he make a profit or a loss? A. Profit B.Loss
Profit
A bookshop owner spends ₹10,000 on rent, salaries, and electricity bills. What is this expense called? a. Overheadexpenses B.Profit C. Loss D. selling price
overhead expenses
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