Money, 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?

• c.p - s.p

• s.p - c.p

• Don't know

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

• ₹13000

• ₹12500

• ₹23500

• don't know

Find the profit: CP = ₹120, SP = ₹180

• ₹80

• ₹20

• ₹30

• ₹60

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

The term used to describe money gained after a sale.

• cost price

• selling price

• profit

• loss

350 paise =_____ Rs

• 3.50

• 350

• 0.350

• 35.0