profit and loss quiz

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

• profit

• loss

• neither

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

• ₹25

• ₹15

• -₹15

• ₹30

Find the profit: CP = ₹120, SP = ₹180

• ₹80

• ₹20

• -₹20

• ₹60

The term used to describe money gained after a sale.

• cost price
• selling price
• profit 
• loss

A watch was bought for Rs. 190 and sold for Rs. 175. Find the profit or loss.

• Profit = Rs.25

• Profit = Rs. 15

• Loss = Rs.15

• Loss = Rs. 25

How much Profit was made?

You sold 2 Mangoes for ₹100. They cost you ₹80 .

• ₹ 50

• ₹ 100

• ₹ 20

• ₹ 90

What is the formula of profit?

• c.p-s.p

• s.p-c.p

• both options

Tags

CCSS.7.EE.B.4

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CCSS.7.NS.A.3

CCSS.7.RP.A.3

what is the formula of loss?

• c.p-s.p

• s.p-c.p

• Don't know

Tags

CCSS.6.EE.A.2

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If C.P is more there will be a profit

• False
• True

Tags

CCSS.7.EE.B.3

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CCSS.7.NS.A.2

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A calculator that costs ₹517 is sold out at ₹575. What is the profit that is made ?

• ₹ 58

• ₹ 53

• ₹ 55

• ₹ 57

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3