Profit and Loss 1st Year

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

The term used to describe money gained after a sale.

• cost price
• selling price
• profit 
• loss

Find the profit: CP = ₹120, SP = ₹180

• ₹80

• ₹20

• -₹20

• ₹60

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

If C.P is more there will be a profit

• False
• True

Tags

CCSS.7.EE.B.3

CCSS.7.EE.B.4

CCSS.7.NS.A.2

CCSS.7.NS.A.3

CCSS.7.RP.A.3

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

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

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

• $25

• $15

• -$15

• $30

Tags

CCSS.7.NS.A.1

CCSS.7.NS.A.3

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

• True

• False

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

Reena sold a carpet for rupees 10,000 , cost price of the carpet was 8000, find the profit or loss

• 2000 profit
• 8000 profit
• 2000 loss

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3