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Mathematics
7th
grade
Profit, Loss, discount, CP, SP | Comparing Quantities | Assessment | English | Grade 7
7 questions
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- 1. Multiple Choice
The buying price of any item is called ______.
Cost price
Selling price
Profit
Loss
- 2. Multiple Choice
Fill in the blank: Cost Price-Selling Price = ______
Profit
Loss
Discount
None of these
- 3. Multiple Choice
Akshay buys a table of ₹ 1200 and sells it for ₹ 2000. So the cost price of a table is:
₹ 2000
₹ 1200
₹ 800
₹ 2800
- 4. Multiple Choice
Akash purchased a motorbike of ₹ 29,000 from a company and sold it for ₹ 38,965. Then what is the net profit or loss of Akash?
Profit of ₹ 67965
Loss of ₹ 67965
Loss of ₹ 9965
Profit of ₹ 9965
- 5. Multiple Choice
A shopkeeper purchases 500 chairs and sells each chair for ₹ 550 and makes net profit of ₹ 6000. If shopkeeper purchased all 500 chairs for same price then at what price the shopkeeper has purchased one chair?
₹ 500
₹ 638
₹ 600
₹ 538
- 6. Multiple Choice
The selling price of a dinner set is ₹ 4650 but the shopkeeper sells it at a discount of 18%. If the cost price of the dinner set for the shopkeeper was ₹ 4600. Then what is the net profit or loss of the shopkeeper?
Loss of ₹ 837
Profit of ₹ 837
Loss of ₹ 787
Profit of ₹ 787
- 7. Multiple Choice
The ratio of the selling price to the cost price of a mobile is 5 : 2. Then what will be the percent of the profit for a mobile to the shopkeeper?
0.2
0.5
0.75
1.5
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