**Download Profit and Loss Worksheet Grade 7**

**Q.1) If Cost Price = ₹ 10 and Selling Price = ₹ 15 , then find the gain?**

a) ₹ 8

b) ₹ 5

c) ₹ 6

**Q.2) If Cost Price = ₹ 1040 and Selling Price = ₹ 950 ; Find Loss?**

a) ₹ 91

b) ₹ 90

c) ₹ 93

**Q.3) If Cost Price = ₹ 1500 and Selling Price = ₹ 2010 , Find gain percent?**

a) 24 %

b) 44 %

c) 34 %

**Q.4) If Cost Price = ₹ 15000 and Selling Price = ₹ 12000 , Find Loss percent?**

a) 10 %

b) 25 %

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

**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%

**Q.7) Find the Cost Price of an Article whose Selling Price = ₹ 2500 and Loss% = 20 % ?**

a) ₹ 3115

b) ₹ 3185

c) ₹ 3125

**Q.8) Find the Cost Price of an Article whose Selling Price = ₹ 2400 and Gain% = 20 % ?**

a) ₹ 2000

b) ₹ 2060

c) ₹ 1990

**Q.9) Find the Selling Price of an Article whose Cost Price = ₹ 1950 and Loss % = 20 % ?**

a) ₹ 1550

b) ₹ 1620

c) ₹ 1560

**Q.10) Find the Selling Price of an Article whose Cost Price = ₹ 2400 and Gain % = 30 % ?**

a) ₹ 3180

b) ₹ 3120

c) ₹ 3110

### Profit and Loss Worksheet Grade 7 – Correct Answer –

Q.1) b. ₹ 5

Q.2) c. ₹ 90

Q.3) c. 34 %

Q.4) c. 20 %

Q.5) b. Gain = ₹ 250 and Gain % = 5

Q.6) c. Loss = ₹ 1300 and Loss% = 40%

Q.7) c. ₹ 3125

Q.8) a. ₹ 2000

Q.9) c. ₹ 1560

Q.10) b. ₹ 3120

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