Profit and Loss Worksheet Grade 7 contains 10 MCQ questions. Answers to Profit and Loss Worksheet Grade 7 are available after clicking on the answer. Maths Worksheets for Class 7Â help to check the concept you have learnt from detailed classroom sessions and application of your knowledge.
| Category | Maths Worksheets for Class 7 |
| Subject | Maths |
| Chapter | Profit and Loss |
Q.1) If Cost Price = ₹ 10 and Selling Price = ₹ 15 , then find the gain?
a) ₹ 8
b) ​₹ 5
c) ​₹ 6
Answer
Answer: b. ​₹ 5
Q.2) If Cost Price = ₹ 1040 and Selling Price = ₹ 950 ; Find Loss?
a) ₹ 91
b) ₹ 90
c) ₹ 93
Answer
Answer: c. ₹ 90
Q.3) If Cost Price = ₹ 1500 and Selling Price = ₹ 2010 , Find gain percent?
a) 24 %
b) 44 %
c) 34 %
Answer
Answer: c. 34 %
Q.4) If Cost Price = ₹ 15000 and Selling Price = ₹ 12000 , Find Loss percent?
a) 10 %
b) 25 %
c) 20 %
Answer
Answer: c. 20 %
Q.5) An Article was bought for ₹ 5000 and sold for ₹ 5250 .Find the Gain and Gain%?
a) Gain = ₹ 245 and Gain % = 15
b) Gain = ₹ 250 and Gain % = 5
c) Gain = ₹ 260 and Gain % = 10
Answer
Answer: b. Gain = ₹ 250 and Gain % = 5
Q.6) An Article was bought for ₹ 3250 and sold for ₹ 1950. Find Loss or Loss%?
a) Loss = ₹ 1310 and Loss% = 45%
b) Loss = ₹ 1295 and Loss% = 38%
c) Loss = ₹ 1300 and Loss% = 40%
Answer
Answer: c. Loss = ₹ 1300 and Loss% = 40%
Q.7) Find the Cost Price of an Article whose Selling Price = ₹ 2500 and Loss% = 20 % ?
a) ₹ 3115
b) ₹ 3185
c) ₹ 3125
Answer
Answer: c. ₹ 3125
Q.8) Find the Cost Price of an Article whose Selling Price = ₹ 2400 and Gain% = 20 % ?
a) ₹ 2000
b) ₹ 2060
c) ₹ 1990
Answer
Answer: a. ₹ 2000
Q.9) Find the Selling Price of an Article whose Cost Price = ₹ 1950 and Loss % = 20 % ?
a) ₹ 1550
b) ₹ 1620
c) ₹ 1560
Answer
Answer: c. ₹ 1560
Q.10) Find the Selling Price of an Article whose Cost Price = ₹ 2400 and Gain % = 30 % ?
a) ₹ 3180
b) ₹ 3120
c) ₹ 3110
Answer
Answer: b. ₹ 3120
Maths Worksheets for Class 7