Profit and Loss
Authored by shanica smith
Mathematics
7th - 9th Grade
CCSS covered
Used 533+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
10 mins • 5 pts
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
2.
MULTIPLE CHOICE QUESTION
10 mins • 5 pts
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
3.
MULTIPLE CHOICE QUESTION
10 mins • 5 pts
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
4.
MULTIPLE CHOICE QUESTION
10 mins • 5 pts
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
5.
MULTIPLE CHOICE QUESTION
10 mins • 5 pts
What is the percentage profit if Tony buys a watch for $50 and sells it for $60?
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
10 mins • 5 pts
If James sells his car for $1,000 and bought it for $2500. What is the percentage loss made on the car.
Tags
CCSS.7.RP.A.3
CCSS.7.EE.B.3
7.
MULTIPLE CHOICE QUESTION
10 mins • 5 pts
Calculate the percentage profit if an item is bought for $42 and sold for $52.50
Tags
CCSS.7.RP.A.3
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