Trading, Profit & Loss Quest

Froggy Jumps

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About this activity

Test your P&L smarts in trading basics.

Created by

Adanri Anuoluwapo Anuoluwapo

Nigeria

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#	Player	Accuracy	time
1	Adanri Anuoluwapo Anuoluwapo February 4, 2026	% 90	01:53

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Froggy Jumps Trading, Profit & Loss QuestOnline version Test your P&L smarts in trading basics. by Adanri Anuoluwapo Anuoluwapo 1 What does P&L stand for in business? a Profit and Logistics b Profit and Loss c Price and Loss 2 Which item is subtracted to calculate gross profit? a Net Income b Operating Expenses c Cost of Goods Sold 3 Gross profit = Sales minus what? a Cost of Goods Sold b Owner’s Draw c Operating Income 4 Which is an operating expense? a Rent b Interest income c Sales revenue 5 Net profit is after deducting which items? a All expenses and taxes b Only rent c Only salaries 6 If sales are 1000 and COGS is 600, gross profit is? a 100 b 400 c 1600 7 Which reflects a positive net profit? a No expenses b Revenue > Total expenses c Revenue < Total expenses 8 Which is NOT part of a P&L statement? a Expenses b Revenue c Assets 9 Margin = (Net profit / Sales) × 100; a margin of 20% means? a Sales is 20% of net profit b Net profit is 20% of sales c Net profit is 5% of sales 10 What is a trading concern focused on? a Selling goods for profit b Providing loans c Manufacturing none of the above

Froggy Jumps

Trading, Profit & Loss QuestOnline version

Test your P&L smarts in trading basics.

by Adanri Anuoluwapo Anuoluwapo

What does P&L stand for in business?

Profit and Logistics

Profit and Loss

Price and Loss

Which item is subtracted to calculate gross profit?

Net Income

Operating Expenses

Cost of Goods Sold

Gross profit = Sales minus what?

Cost of Goods Sold

Owner’s Draw

Operating Income

Which is an operating expense?

Rent

Interest income

Sales revenue

Net profit is after deducting which items?

All expenses and taxes

Only rent

Only salaries

If sales are 1000 and COGS is 600, gross profit is?

100

400

1600

Which reflects a positive net profit?

No expenses

Revenue > Total expenses

Revenue < Total expenses

Which is NOT part of a P&L statement?

Expenses

Revenue

Assets

Margin = (Net profit / Sales) × 100; a margin of 20% means?

Sales is 20% of net profit

Net profit is 20% of sales

Net profit is 5% of sales

What is a trading concern focused on?

Selling goods for profit

Providing loans

Manufacturing none of the above

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Trading, Profit & Loss Quest

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Froggy Jumps

Trading, Profit & Loss QuestOnline version

by Adanri Anuoluwapo Anuoluwapo

What does P&L stand for in business?

Which item is subtracted to calculate gross profit?

Gross profit = Sales minus what?

Which is an operating expense?

Net profit is after deducting which items?

If sales are 1000 and COGS is 600, gross profit is?

Which reflects a positive net profit?

Which is NOT part of a P&L statement?

Margin = (Net profit / Sales) × 100; a margin of 20% means?

What is a trading concern focused on?

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