Quiz about Consumer Arithmetic Grade 7

Question 1

Happy Apple Juice is sold in cartons of two different sizes at the prices shown in the table below. Which size carton of apple juice is the BETTER buy?

Accepted Answer

400ml carton

Answer

250ml carton

Question 2

A shopkeeper buys a box of chocolates for $800 and sells it for $1,200. Calculate the profit

Accepted Answer

$400

Answer

$1000

Answer

$800

Answer

$2000

Question 3

A shopkeeper buys a box of chocolates for $800 and sells it for $1,200. Calculate the profit. Calculate the profit as a percentage of the cost price.

Accepted Answer

50%

Answer

33%

Answer

20%

Answer

55%

Question 4

A vendor buys 50 watermelons for $2,500 and sells them at $70 each.

Calculate the total selling price.

Accepted Answer

$3500

Answer

$1000

Answer

$50

Answer

$70

Question 5

A vendor buys 50 watermelons for $2,500 and sells them at $70 each.

Calculate the total profit

Accepted Answer

$1000

Answer

$2000

Answer

$3000

Answer

$500

Question 6

A vendor buys 50 watermelons for $2,500 and sells them at $70 each. Calculate the profit as a percentage of the cost price.

Accepted Answer

40%

Answer

20%

Answer

25%

Answer

30%

Question 7

What is formulae to calculate profit percentage?

Accepted Answer

Question 8

What is meaning of loss?

Accepted Answer

Difference between selling price and cost price

Answer

Difference between marked price and selling price

Answer

Difference between cost price and marked price

Answer

All of the above

Question 9

If the CP is less than the SP, then there will be a loss.

Accepted Answer

False

Answer

True

Question 10

Jazmine buys a box lunch for $550 and sells it for $594. What is the percentage profit on this sale?

Accepted Answer

8%

Answer

5%

Answer

10%

Answer

44%

Question 11

What is the percentage profit if Amani buys a watch for $5000 and sells it for $6000?

Accepted Answer

20%

Answer

25%

Answer

16.6%

Answer

16.7%

Question 12

Esther sold a camera for $10,000 , cost price of the camera was $8000, find the profit or loss

Accepted Answer

2000 profit

Answer

8000 profit

Answer

2000 loss

Answer

8000 loss

Question 13

Joel sold his bluetooth speakers for $2000 at a profit of $350. Find the cost price of the bluetooth speakers.

Accepted Answer

$1650

Answer

$2000

Answer

$2350

Answer

$350

Question 14

Kelsey bought several boxes of Doritos at $1800 per box. Each box has a dozen bags of Doritos. Kelsey sells each bag for $187.50. How much profit did he make on each box?

Accepted Answer

$450

Answer

$150

Answer

$1800

Answer

$150.50

Question 15

Which jar of peanut butter is the better buy?

Accepted Answer

A

Answer

B

Question 16

A local pharmacy sells a bottle of 50 multivitamins for $1875. The same vitamins can be bought on retail for $384 per dozen. Which would be the better buy?

Accepted Answer

Per dozen

Answer

Bottle

Consumer Arithmetic Grade 7

32 questions

Mr. Brown bought 200 notebooks for $2,400 from a supplier.
Calculate the cost of ONE notebook.

Mr. Brown bought 200 notebooks for $2,400 from a supplier.
The notebooks are sold at $15 each.
Calculate the amount of money Mr. Brown received after selling ALL of the notebooks.

Mr. Brown bought 200 notebooks for $2,400 from a supplier.
The notebooks are sold at $15 each.
Calculate the TOTAL profit made.

Mr. Brown bought 200 notebooks for $2,400 from a supplier.
The notebooks are sold at $15 each.
Calculate his profit percentage

Calculate the Value of A

Calculate the value of B

Calculate the value of C

Sarah sold 8 of the 10 pens she bought at $1.00 each and the remaining pens at $0.50 each.
Using calculations, state whether Sarah made a profit or loss on buying and selling pens.

Calculate the value of:
JMD $7,500 in USD.

Calculate the value of:
CAD $200 in JMD.

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Consumer Arithmetic Grade 7

32 questions

Mr. Brown bought 200 notebooks for $2,400 from a supplier.Calculate the cost of ONE notebook.

Mr. Brown bought 200 notebooks for $2,400 from a supplier.The notebooks are sold at $15 each. Calculate the amount of money Mr. Brown received after selling ALL of the notebooks.

Mr. Brown bought 200 notebooks for $2,400 from a supplier.The notebooks are sold at $15 each.Calculate the TOTAL profit made.

Mr. Brown bought 200 notebooks for $2,400 from a supplier.The notebooks are sold at $15 each.Calculate his profit percentage

Calculate the Value of A

Calculate the value of B

Calculate the value of C

Sarah sold 8 of the 10 pens she bought at $1.00 each and the remaining pens at $0.50 each.Using calculations, state whether Sarah made a profit or loss on buying and selling pens.

Calculate the value of:JMD $7,500 in USD.

Calculate the value of:CAD $200 in JMD.

Create a free account and access millions of resources

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Mathematics

Mr. Brown bought 200 notebooks for $2,400 from a supplier.
Calculate the cost of ONE notebook.

Mr. Brown bought 200 notebooks for $2,400 from a supplier.
The notebooks are sold at $15 each.
Calculate the amount of money Mr. Brown received after selling ALL of the notebooks.

Mr. Brown bought 200 notebooks for $2,400 from a supplier.
The notebooks are sold at $15 each.
Calculate the TOTAL profit made.

Mr. Brown bought 200 notebooks for $2,400 from a supplier.
The notebooks are sold at $15 each.
Calculate his profit percentage

Sarah sold 8 of the 10 pens she bought at $1.00 each and the remaining pens at $0.50 each.
Using calculations, state whether Sarah made a profit or loss on buying and selling pens.

Calculate the value of:
JMD $7,500 in USD.

Calculate the value of:
CAD $200 in JMD.