Learn Maths Profit and Loss, Class 7 Maths Profit and Loss Exercise, Free Online Profit and Loss Lessons

Class 7 Maths Study Material

An Educational platform for Preparation and Practice Class 7. Kidsfront provide unique pattern of learning Maths with free online comprehensive study material in the form of QUESTION & ANSWER for each Chapter of Maths for Class 7. This study material help Class 7, Maths students in learning every aspect of Profit and Loss. Students can understand Profit and Loss concept easily and consolidate their learning by doing Online Practice Tests on Maths,Profit and Loss chapter repeatedly till they excel in Class 7, Profit and Loss. Free ONLINE PRACTICE TESTS on Class 7, Profit and Loss comprise of Hundreds of Questions on Profit and Loss, prepared by the highly professionals team. Every repeat test of Profit and Loss will have new set of questions and help students to prepare themselves for exams by doing unlimited Online Test exercise on Profit and Loss. Attempt ONLINE TEST on Class 7,Maths,Profit and Loss in Academics section after completing this Profit and Loss Question Answer Exercise.

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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

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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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