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Mathematics

7th Grade

Used 41+ times

Profit and loss
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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1) The money which is paid by purchaser to buy an article is called _______________.

a)   Cost Price

b)   Selling Price

c) Profit

d) Loss

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2) If the selling price of the article is less than its cost price, then the article is said to be sold

a) loss

b) Profit

c) Both

d) None of these

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

3) Overhead charges are always added to

a) Selling Price

b) Cost Price

c) Loss

d) Profit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4) Gain or Loss is expressed as a percentage of

a) Selling Price

b) Cost Price

c) Both

d) None of these

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5) If Cost price is RS 500 and actual profit is Rs 25 find the Profit %

a) 4%

b) 6%

c) 7%

d) 5%

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

6) Om Sold a book for Rs 120 at a profit of Rs 40. Find his Profit %

a) 10%

b) 20%

c) 30%

d) 50%

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

7) By selling a laptop for Rs 23,000 a dealer earns a profit of 15% its cost price is

a) Rs 20,000

b) Rs 30,000

c) Rs 40,000

d) 50,000

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