Profit and Loss
Authored by Rayon Fagon
Mathematics
7th Grade
CCSS covered
Used 26+ times
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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
state true or false:profit=selling price[s.p]-cost price[c.p]
true
false
both options
can't tell
Tags
CCSS.6.RP.A.3B
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula of profit?
c.p-s.p
s.p-c.p
both options
Tags
CCSS.6.RP.A.3B
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Suppose, a shopkeeper buys an article for $60 and sells it for $70. What is his profit?
$70
$60
$50
$10
Tags
CCSS.7.EE.B.3
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A vendor buys lemons at $30 per dozen. What is the CP per lemon?
$2
$2.5
$3
$12
Tags
CCSS.6.RP.A.1
CCSS.6.RP.A.2
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Find the loss of an item that cost $190 and sold for $175.
$25
$15
-$15
$30
Tags
CCSS.7.NS.A.1C
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Find the profit: CP = $120, SP = $180
$80
$20
-$20
$60
Tags
CCSS.7.NS.A.2A
CCSS.7.NS.A.2B
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If Selling price > Cost price, it will be
Profit
Loss
Tags
CCSS.6.RP.A.3C
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