profit and loss

profit and loss

8th - 9th Grade

8 Qs

quiz-placeholder

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8th - 10th Grade

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Profit and Loss

Profit and Loss

8th Grade

10 Qs

profit and loss

profit and loss

Assessment

Quiz

Mathematics

8th - 9th Grade

Medium

CCSS
7.RP.A.2, 6.RP.A.3C, 7.RP.A.3

Standards-aligned

Created by

Bhawani Joshi

Used 75+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How profit is calculated?

Profit = C.P. - S. P.

Profit = S.P. - C. P.

Profit = M.P. - S. P.

None of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is meaning of loss?

Difference between marked price and selling price

Difference between cost price and marked price

Difference between selling price and cost price

All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is formulae to calculate profit percentage?

Profit% = profitC.P.×100%\frac{profit}{C.P.}\times100\%

Profit% = C.Pprofit×100%\frac{C.P}{profit}\times100\%

Profit% = profitS.P.×100%\frac{profit}{S.P.}\times100\%

Profit%=profitC.P.\Pr ofit\%=\frac{profit}{C.P.}

Tags

CCSS.6.RP.A.3C

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is condition of loss?

M.P. > S.P.

S.P. > C.P.

C.P. > S.P.

S.P. > M.P.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Meaning of profit is..

Total money obtained by selling goods

Difference of fixed price and selling price

Value remaining after subtracting expenses from earnings

Total expenses in transaction

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If there is profit.....

M.P.>S.P.

S.P.>C.P.

C.P.>S.P.

S.P.>M.P.

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is formulae to calculate loss percentage?

Loss Percent = LossC.P.\frac{Loss}{C.P.}

Loss Percent = lossC.P. ×100%\frac{loss}{C.P.\ }\times100\%

Loss Percent = lossS.P.×100%\frac{loss}{S.P.}\times100\%

Loss Percent = C.P.loss×100%\frac{C.P.}{loss}\times100\%

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What formula to find loss?

Loss = S.P. - C.P.

Loss = M.P. - C.P.

Loss = C.P. - M.P.

Loss = C.P. - S.P.