PROFIT AND LOSS - Quiz

1) What is discount?

Selling price is less than Cost price Selling price is greater than Cost price The reduction given to the selling price of a product Selling price + discount

2) What is a profit?

Selling price - Cost price Cost price - Selling price Selling price + Cost price Cost price + Selling price

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

Selling price Cost price Margin price Discount price

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

Selected Price Special Price Selling Price Super Price

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

P & L PR & LS PRO & LOS L & P