Profit and Loss

Profit and Loss

Assessment

Flashcard

Mathematics

7th Grade

Hard

Created by

Ms Si

FREE Resource

Student preview

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20 questions

Show all answers

1.

FLASHCARD QUESTION

Front

The term used to describe money gained after a sale.

Back

profit 

2.

FLASHCARD QUESTION

Front

If the cost price of an item is $10 and the selling price is $12, was a profit or a loss made?

Back

profit

3.

FLASHCARD QUESTION

Front

Find the loss of an item that cost $190 and sold for $175.

Back

$15

4.

FLASHCARD QUESTION

Front

Find the profit: CP = $120, SP = $180

Back

$60

5.

FLASHCARD QUESTION

Front

The term used to describe money gained after a sale.

Back

profit 

6.

FLASHCARD QUESTION

Front

If the CP is less than the SP, then there will be a loss.

Back

False

7.

FLASHCARD QUESTION

Front

Loss

Back

Difference between selling price and cost price

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