Profit and Loss

state true or false:profit=selling price[s.p] - cost price[c.p]

• True

• False

• both options

• can't tell

state true or false: loss=s.p - c.p

• True

• False

What is the formula of profit?

• c.p - s.p

• s.p - c.p

• both options

what is the formula of loss

• Sp - Cp

• Cp - Sp

• None of the above

A boy had a bike for Rs 32000 and was sold for Rs 45000. What was the boy's profit?

• Rs 13000

• Rs 12500

• Rs 23500

• don't know

Find the profit: CP = Rs120, SP = Rs180

• Rs 80

• Rs 20

• Rs 30

• Rs 60

The term used to describe money gained after a sale.

• cost price

• selling price

• profit

• loss

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

• 8000 loss

Calculate S.P if C.P is rupees 3,400 and profit is rupees 400.

• 3800

• 3000

• 2600

• 4200

State true or false: If C.P is more there will be a profit

• True

• False