OfficeCalculator.Net
Ctrl K
✓ Free interactive quiz · Business math

Profit and Loss Quiz with Answers

Solve realistic profit, margin, markup, expense and break-even questions for business. Choose your level, see the correct answer, and take your time.

5–10 questionsInstant feedbackWorks on mobileNo login required

Ready to test yourself?

Choose a focused 5-question round or try 10 mixed questions from all levels. You can repeat the quiz and improve your personal best.

Choose practice level

Scoring and personal best are saved in this browser only.

How to use the Profit & Loss Quiz

Choose a level and start the round. Select one of four answers and choose Check answer. Read the explanation to understand the method before going to the next question. After finishing, review your mistakes and retake the quiz.

For numerical work, open our free Profit Calculator and test your own numbers.

Frequently asked questions

Does this quiz teach profit margin and markup?

Yes. You can practise profit, gross margin, markup on cost, net margin, discounts and break-even calculations.

What should I do after a wrong answer?

Read the worked explanation and open the relevant profit calculator to practise a similar calculation.

More free practice

Explore the math and accounting games for puzzle-style learning, or choose another math, calculator or accounting quiz. These quizzes have original, self-contained questions with explanations and do not require an account.

Profit, margin, markup and break-even explained

Profit questions often test the difference between the amount earned and its percentage. If an item costs 80 and sells for 100, gross profit is 100 − 80 = 20. The profit margin is 20 ÷ 100 = 20%, using the selling price as the base.

Markup uses cost instead: 20 ÷ 80 = 25%. A 25% markup and a 25% margin are not interchangeable. When answering multiple-choice questions, check whether the denominator is cost or revenue.

For break-even analysis, suppose fixed costs are 1,200, each item sells for 30, and variable cost per item is 18. Contribution per unit is 30 − 18 = 12, so break-even is 1,200 ÷ 12 = 100 units. Below that volume the fixed costs have not been fully covered; above it, each additional sale contributes toward operating profit under these simple assumptions.

Use the Profit Calculator for pricing examples or the Break-Even Calculator to explore costs and units. Profit quizzes practise reasoning with simplified cases, whereas real decisions may also require tax, refunds, overheads and other expenses.