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Class 7 Maths — Profit and loss

Work out profit, loss and discount, and give a profit or loss as a percentage of the cost price.

Name: ________________________

  1. 1.A cycle is bought for ₹4000 and sold for ₹3600. What is the loss per cent? Give just the number.

  2. 2.A shopkeeper buys a chair for ₹600 and sells it for ₹750. What is the profit? Give just the number.

  3. 3.A toy costs ₹450 and is sold at a profit of ₹90. What is the profit per cent? Give just the number.

  4. 4.A watch marked at ₹2000 is sold with a discount of 15%. What is the selling price? Give just the number.

  5. 5.Put these sales in order of profit per cent, smallest first.

    • Bought for ₹80, sold for ₹100
    • Bought for ₹100, sold for ₹105
    • Bought for ₹40, sold for ₹60
    • Bought for ₹200, sold for ₹220
    • Bought for ₹50, sold for ₹60

  6. 6.A trader buys a bag for ₹800 and sells it at a profit of 25%. What is the selling price? Give just the number.

  7. 7.An item is sold for exactly what it cost. What is the profit per cent?

    • a) 100
    • b) 50
    • c) 0
    • d) There is no way to tell

  8. 8.Profit per cent is always worked out as a percentage of...

    • a) the profit
    • b) the cost price
    • c) the selling price
    • d) the discount

Answer key — Class 7 Maths — Profit and loss

  1. 1. 10
  2. 2. 150
  3. 3. 20
  4. 4. 1700
  5. 5. 1. Bought for ₹100, sold for ₹105 2. Bought for ₹200, sold for ₹220 3. Bought for ₹50, sold for ₹60 4. Bought for ₹80, sold for ₹100 5. Bought for ₹40, sold for ₹60
  6. 6. 1000
  7. 7. c) 0
  8. 8. b) the cost price