
Profit & Loss Challenge
Authored by Narender kumar
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7th Grade

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the cost price of an item is $50 and the selling price is $70, what is the profit?
$20
$10
$40
$30
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A shirt is bought for $25 and sold for $20. What is the loss percentage?
25%
15%
20%
10%
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the selling price of a book is $120 and the profit percentage is 20%, what is the cost price?
$100
$130
$80
$110
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An item is sold for $80 with a loss of 20%. What was the cost price of the item?
$100
$90
$75
$60
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the cost price of a laptop is $800 and it is sold for $1000, what is the percentage profit?
15%
30%
25%
40%
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