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ITI
WCS
WCS Set-1
Profit and Loss
3

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

Profit and Loss MCQ with Answers

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Related Profit and Loss MCQ with Answers

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

7) How the 'Principal' is denoted in simple interest calculation?

'P'

'I'

'R'

'n'

Answer is:

'P'

Profit and Loss MCQ with Answers

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