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Profit and Loss

Total questions: 14

Worksheet time: 5mins

Name
Class
Date
1.

State true or false:Profit=Selling price[S.P] - Cost price[C.P]

a)

true

b)

false

c)

both options

d)

can't tell

2.

State true or false: Loss=S.P - C.P

a)

true

b)

false

3.

What is the formula of profit?

a)

C.P - S.P

b)

S.P - C.P

c)

S.P + C.P

d)

C.P + Loss

4.

What is the formula of loss?

a)

C.P - S.P

b)

S.P - C.P

c)

C.P + Loss

d)

C.P + S.P

5.

A boy bought a bike for Rs 32000 and sold it for Rs 45000. What was the boy's profit? 

a)

Rs 13000 

b)

Rs 12500

c)

Rs 23500

d)

Rs 12250

6.

Find the profit: CP = Rs 120, SP = Rs 180

a)

Rs 80

b)

Rs 20

c)

Rs 30

d)

Rs 60

7.
The term used to describe money gained after a sale.
a)
cost price
b)
selling price
c)
profit 
d)
loss
8.

Reena sold a carpet for Rs 10,000 , cost price of the carpet was Rs 8000, find the profit or loss

a)

2000 profit

b)

8000 profit

c)

2000 loss

d)

8000 loss

9.

Calculate S.P, if C.P is Rs 3,400 and profit is Rs 400.

a)

Rs 4200

b)

Rs 3000

c)

Rs 2600

d)

Rs 3800

10.

Find the Profit or Loss :Sam bought a second hand car for Rs 634000. He spent Rs 6500 on its repairs and sold it for Rs 645000

a)

Loss Rs 4050

b)

Profit Rs 4500

c)

Profit Rs 4000

d)

Loss Rs 11000

11.

Loss = Rs 2000

S.P = Rs 5000

Find the Cost Price

a)

Rs 3000

b)

Rs 4000

c)

Rs 7000

d)

Rs 6000

12.

If the cost price of an item is Rs 120 and the loss is Rs 100, find the S.P.

a)

Rs 210

b)

Rs 320

c)

Rs 220

d)

Rs 20

13.

A watch was bought for Rs. 190 and sold for Rs. 175. Find the profit or loss.

a)

Profit = Rs.25

b)

Profit = Rs. 15

c)

Loss = Rs.15

d)

Loss = Rs. 25

14.

How much Profit was made?

You bought 2 kg mangoes for Rs 217 and you sold them for Rs 233

a)

Rs 14

b)

Rs 450

c)

Rs 16

d)

Rs 440