Profit & Loss
Authored by Abhinav Sharma
Mathematics
5th Grade
Used 60+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
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
None of these
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What term is used to describe money gained after a sale?
Cost price
Selling price
Profit
Loss
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the selling price?
Price at which we buy the things.
Price at which we sell the things.
4.
FILL IN THE BLANKS QUESTION
45 sec • 1 pt
Another name for buying price is:
(a)
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
How do we calculate Loss?
Loss = SP -CP
Loss = CP -SP
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Find the loss of an item that cost $190 and sold for $175.
$25
$15
$30
-$15
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
How do we calculate profit?
Profit = SP - CP
Profit = CP- SP
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