Free Printable profit and loss

1.

How profit is calculated?

a)

Profit = C.P. - S. P.

b)

Profit = S.P. - C. P.

c)

Profit = M.P. - S. P.

d)

None of the above

2.

What is formulae to calculate profit percentage?

a)

Profit% = $\frac{profit}{C.P.}\times100\%$

b)

Profit% = $\frac{C.P}{profit}\times100\%$

c)

Profit% = $\frac{profit}{S.P.}\times100\%$

d)

$\Pr ofit\%=\frac{profit}{C.P.}$

3.

What is condition of loss?

a)

M.P. > S.P.

b)

S.P. > C.P.

c)

C.P. > S.P.

d)

S.P. > M.P.

4.

What is formulae to calculate loss percentage?

a)

Loss Percent = $\frac{Loss}{C.P.}$

b)

Loss Percent = $\frac{loss}{C.P.\ }\times100\%$

c)

Loss Percent = $\frac{loss}{S.P.}\times100\%$

d)

Loss Percent = $\frac{C.P.}{loss}\times100\%$

5.

If an article was sold by gaining Rs. 800 for Rs. 2700, at what price it was bought?

(a)

6.

Ramesh bought a pen drive for Rs. 500 and sold it for Rs. 560. What his profit percent?

a)

12%

b)

10%

c)

8%

d)

15%

7.

By selling a table for Rs. 244 a shopkeeper makes a loss of Rs.36, at what price should it be sold it to gain Rs.50?

(a)

8.

Neelam bought a second hand mobile set for Rs. 8000 and spent Rs. 2000 for repairing. If it was sold at Rs. 16000. What is her profit or loss %?

a)

60% Profit

b)

50% Profit

c)

50% Loss

d)

20% Loss

9.

If 6 lemons are bought for Rs. 5 and sold 5 for Rs.6, what is the profit percent?

a)

35%

b)

48%

c)

44%

d)

50%

10.

Formula to find the SP, when CP and loss percent (L%) given is:

a)

$SP=\frac{CP\left(100-L\%\right)}{100}$

b)

$SP=\frac{CP\left(100+L\%\right)}{100}$

c)

$SP=\frac{CP×100}{100-L\%}$

d)

None

profit and loss

Total questions: 10

Worksheet time: 17mins

Similar Resources on Wayground