1. If the selling price (SP) is greater than the cost price (CP), what does the seller make?
- AProfit
- BLoss
- CNo profit no loss
- DDiscount
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Answer: A) Profit
When SP > CP, the seller earns a profit equal to SP - CP.
Class 7 Profit and Loss — practice questions with answers
Comparing Quantities · 5 sample questions from the school syllabus. Try each one, then open the answer and the worked solution.
2. An item is sold at a loss of 10%. If CP = ₹500, find the SP.
- A900
- B495
- C405
- D450
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Answer: D) 450
Loss = 10% of 500 = 50. SP = 500 - 50 = ₹450.
3. On selling a pen for ₹36, a shopkeeper loses ₹4. The loss percent (on CP) is
- A10%
- B12.5%
- C11%
- D8%
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Answer: A) 10%
CP = SP + Loss = 36 + 4 = 40. Loss% = = 10%.
4. A man sells an article at a profit of 15%.
If he had bought it for 10% less and sold it for ₹35 less, he would have gained 25%.
Find the original cost price.
If he had bought it for 10% less and sold it for ₹35 less, he would have gained 25%.
Find the original cost price.
- A1260
- B1400
- C2800
- D1540
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Answer: B) 1400
Let CP = x. Original SP = 1.15x. New CP = 0.9x, new SP = 0.9x × 1.25 = 1.125x. New SP = original SP - 35, so 1.125x = 1.15x - 35 → 0.025x = 35 → x = ₹1400.
5. A dishonest dealer claims to sell sugar at cost price but uses a weight of 900 g in place of 1 kg.
Find his profit percent.
Find his profit percent.
- A %
- B10%
- C9%
- D11%
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Answer: A) %
He gives 900 g but charges for 1000 g. Profit = % ≈ 11.11%.
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