Profit and Loss

If the Cost Price is less than the Selling Price, then there will be a loss.

• True

• False

Tags

CCSS.7.RP.A.3

CCSS.7.RP.A.2

Tom helped his uncle move. He spent $30 for gas for his truck, and $20 for work gloves. His uncle paid him $200 for his help. What was Tom's profit?

• $50

• $150

• $250

• $30

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

CCSS.7.NS.A.1

Evan earned $300 by doing yard work. His profit was $250. How much were his expenses?

• $550

• $300

• $250

• $50

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

CCSS.7.EE.B.4

What is the profit percent if a shopkeeper buys a football for $12 and sells it for $15?

• 80%

• 25%

• 20%

• 50%

Tags

CCSS.7.RP.A.3

What is the percentage profit if Tony buys a watch for $50 and sells it for $60?

• 20%
• 25%
• 16.6%
• 16.7%

Tags

CCSS.7.RP.A.3

If James sells his car for $1,000 and bought it for $2500. What is the percentage loss made on the car.

• 15%
• 10%
• 60%
• 150%

Tags

CCSS.7.RP.A.3

CCSS.7.EE.B.3

Calculate the percentage profit if an item is bought for $42 and sold for $52.50

• 20%
• 25%
• 80%
• 22%

Tags

CCSS.7.RP.A.3

Calculate the percentage loss if an item is bought for $70 and sold for $49

• 42.9%
• 70%
• 30%
• 35%

Tags

CCSS.7.RP.A.3

Calculate the percentage loss if an item is bought for $400 and sold for $364

• 9.9%
• 11%
• 9%
• 91%

Tags

CCSS.7.RP.A.3

CCSS.7.RP.A.2

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

• true

• false

• both options

• can't tell

Tags

CCSS.7.RP.A.3