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Class 7 Maths Study Material

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Profit and Loss

A tricycle was purchased for Rs. 1120 and sold for Rs. 1260. Find the gain and gain per cent.

a) 12.5%, Rs. 140
b) 12% Rs. 140
c) Rs. 140, 12%
d) 12.5; Rs. 140

✔Answer

Correct Answer Is : 12.5%, Rs. 140

Solution Is :

An article was bought for Rs. 400 and sold for Rs. 336. Find the loss and loss per cent.

a) 16%; Rs. 64
b) Rs. 64, 16%
c) 15 % ; Rs. 65
d) Rs. 65; 15 %

✔Answer

Correct Answer Is : Rs. 64, 16%

Solution Is :

If the cost price of 15 pens is equal to the selling price of 20 pens. Find the loss per cent.

a) 52%
b) 25%
c) 50%
d) 51%

✔Answer

Correct Answer Is : 25%

Solution Is :

If the profit made on a packet of tea is Rs. 4 and the cost price of the packet is Rs. 20, then how much is the profit percentage?

a) 10%
b) 20%
c) 2%
d) 0.20%

✔Answer

Correct Answer Is : 20%

Solution Is :

A bookseller sold 300 copies of a book at a profit of 15 %. If a book costs him Rs. 12, the selling price of the books is

a) Rs. 4.14
b) Rs. 41.40
c) Rs. 414
d) Rs. 4140

✔Answer

Correct Answer Is : Rs. 41.40

Solution Is :

A man sells his scooter for Rs. 18000 making a profit of 20 %. How much did the scooter cost him?

a) Rs. 150
b) Rs. 1500
c) Rs. 15000
d) Rs. 1, 50, 000

✔Answer

Correct Answer Is : Rs. 15000

Solution Is :

A farmer sells his product at a loss of 8%. If his SP is Rs. 27600, what is his actual loss? What is his cost price?

a) Rs. 30, 000 ; Rs. 2400
b) 2400, 30, 000
c) Rs. 2400, Rs. 30, 000
d) None of the above

✔Answer

Correct Answer Is : Rs. 2400, Rs. 30, 000

Solution Is :

Find the SP of a table whose CP is Rs. 3300 and sold at a loss of 10%.

a) 2970
b) Rs. 2970
c) Rs. 29.70
d) Rs. 297

✔Answer

Correct Answer Is : Rs. 2970

Solution Is :

If the manufacturer gains 6 %, the wholesale dealer 8% and the retailer 10 %. Then what is the production cost of geyser whose retail price is Rs. 15741?

a) 1200
b) 120
c) 12000
d) None of the above

✔Answer

Correct Answer Is : 12000

Solution Is :

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Class 7 Maths Study Material

Profit and Loss

A tricycle was purchased for Rs. 1120 and sold for Rs. 1260. Find the gain and gain per cent.

Correct Answer Is : 12.5%, Rs. 140

Solution Is :

An article was bought for Rs. 400 and sold for Rs. 336. Find the loss and loss per cent.

Correct Answer Is : Rs. 64, 16%

Solution Is :

If the cost price of 15 pens is equal to the selling price of 20 pens. Find the loss per cent.

Correct Answer Is : 25%

Solution Is :

If the profit made on a packet of tea is Rs. 4 and the cost price of the packet is Rs. 20, then how much is the profit percentage?

Correct Answer Is : 20%

Solution Is :

A bookseller sold 300 copies of a book at a profit of 15 %. If a book costs him Rs. 12, the selling price of the books is

Correct Answer Is : Rs. 41.40

Solution Is :

A man sells his scooter for Rs. 18000 making a profit of 20 %. How much did the scooter cost him?

Correct Answer Is : Rs. 15000

Solution Is :

A farmer sells his product at a loss of 8%. If his SP is Rs. 27600, what is his actual loss? What is his cost price?

Correct Answer Is : Rs. 2400, Rs. 30, 000

Solution Is :

Find the SP of a table whose CP is Rs. 3300 and sold at a loss of 10%.

Correct Answer Is : Rs. 2970

Solution Is :

If the manufacturer gains 6 %, the wholesale dealer 8% and the retailer 10 %. Then what is the production cost of geyser whose retail price is Rs. 15741?

Correct Answer Is : 12000

Solution Is :

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