L104- Session 4 | Profit v Loss

If you earn more than you spend, it will be called

• Loss

• Profit

• None of the above

If you spend more than your income, it is called

• Profit

• Loss

• None

If you bought a pencil for $1 and then sold it to someone for $2, you made a:

• Profit of $ 1

• Loss of $ 1

• No Profit No loss

If the shopkeeper got vegetables for Rs 20 per kg but sold you at Rs 10 per kg, then the shopkeeper is at

• Loss of Rs 5

• Loss of Rs 10

• Profit of Rs. 5

• Profit of Rs. 10

Which one of the following we prefer more?

• Profit

• Loss

Find the Profit/loss: Vivek bought a car for $40,000 and sold for $30,000

• Profit of $12,000

• Profit of $10,000

• Loss of $10,000

• Loss of $12,000

How much Profit was made?

You sold 2 Mangoes for ₹100. You bought them for ₹80 .

• ₹50

• ₹20

• ₹100

• ₹30