CLASS V PROFIT AND LOSS AND ROUNDING NUMBERS

The rate at which an article is sold is called ____

• cost price

• profit

• selling price

When cost price is greater than the selling price, we have a ____

• profit

• loss

• no profit no loss

Sunil bought a tiffin box for Rs. 150. There were some defects in the tiffin box. so, he sold it for Rs. 135. What was his profit and loss?

• Profit of Rs. 15

• Loss of Rs. 15

• Loss of Rs. 25

A shopkeeper buys a walkman for Rs. 545 and sells it for Rs. 630. What is his profit or loss?

• Loss of Rs. 85

• Profit of Rs. 75

• Profit of Rs. 85

The extra money earned by selling an article is called ___

• loss

• cost price

• profit

Sumit buys a chair for Rs. 300. He pays Rs. 25 as transport charges and sells it to his friend for Rs. 450. Find his profit or loss.

• Profit of Rs. 125

• Loss of Rs. 125

• Loss of Rs. 105

Selling price = Cost price - ____

• gain

• loss

• none

Rohit bought a perfume for Rs. 410 and sold it at a loss of Rs. 75. At what price did he sell the perfume?

• Rs.345

• Rs. 335

• Rs. 325

Cost price + ____ = Selling price

• loss

• gain

• none of these

Anil bought a pen for Rs. 70. He had to sell it at a loss of Rs. Rs. 27. Find the selling price of the pen

• Rs.97

• Rs.47

• Rs.43