www.ThinkITI.com

Home
MCQ
Search
Free Apps
Important
Study Groups
Contact Us
Policy

Home
MCQ
Objective Questions
ITI
WCS
WCS Set-1
Profit and Loss
2

Profit and Loss MCQ with Answers

2) What is a profit?

Selling price - Cost price

Cost price - Selling price

Selling price + Cost price

Cost price + Selling price

Answer is:

Selling price - Cost price

Profit and Loss MCQ with Answers

For more MCQ's Click Here

Related Profit and Loss MCQ with Answers

3) What is the term, if an article is purchased?

Selling price

Cost price

Margin price

Discount price

Answer is:

Cost price

4) What is the expanded form of S.P?

Selected Price

Special Price

Selling Price

Super Price

Answer is:

Selling Price

5) Which is the short form of profit and loss statement?

P & L

PR & LS

PRO & LOS

L & P

Answer is:

P & L

6) What is denoted as 'I'?

Principal

Interest

Rate

Year

Answer is:

Interest

Profit and Loss MCQ with Answers

For more MCQ's Click Here