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PROFIT AND LOSS

Total questions: 12

Worksheet time: 7mins

Name
Class
Date
1.

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

a)

$13000 

b)

$12500

c)

$23500

2.

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

a)

$80

b)

$20

c)

-$20

d)

$60

3.

state true or false: profit = selling price - cost price

Profit = (s.p - c.p)

a)

true

b)

false

c)

both options

4.

Find the loss: Sam bought a car for $634000 and sold it for $623000

a)

$110000

b)

$11000

c)

$1257000

5.

state true or false: loss = s.p - c.p

a)

true

b)

false

6.

What is the formula of profit?

a)

c.p - s.p

b)

s.p - c.p

c)

profit = loss

d)

loss = profit

7.

what is the formula of loss?

a)

c.p - s.p

b)

s.p - c.p

c)

loss = profit

d)

profit = loss

8.
The term used to describe money gained after a sale.
a)
cost price
b)
selling price
c)
profit 
d)
loss
9.

Reena sold a carpet for $100. The cost price of the carpet was $80, find the profit or loss.

a)

$20 profit

b)

$180 profit

c)

$20 loss

d)

$180 loss

10.

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

a)

$3800

b)

$3000

c)

It was a loss.

11.

C P = 2000

S.P = 5000

Is this a profit or loss?

a)

Profit

b)

Loss

12.

True or false

If the C.P. is more there will be a profit

a)

False

b)

True