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Profit and Loss Question

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WORKSHEET FOR CLASS 7 MATHS

OBJECTIVE TYPE QUESTIONS

Please read the instructions carefully. Class 7 Maths consist of chapters from entire syllabus of class 7
maths. We have uploaded objective type questions.

1.This question paper is prepared by www.pw.com team and contains 25 questions. Maths worksheet
consist of Q.No. 1 to 25. Whereas class 7 Science worksheet consist of Physics (Q. No. 1 to 15),
Chemistry (Q. No. 16 to 30) , & Biology (Q. No. 56 to 60) are uploaded in Science worksheet of
Entrancei.
2.For each correct answer 3 marks will be awarded. For each wrong answer 1 mark will be deducted.
3. For maths worksheet check out Maths worksheet section of Entrancei
MATHEMATICS
1. Cost price of an article is Rs. 150. If the article is sold at a profit of 18%, what
will be its selling price ?
(1) Rs. 180 (2) Rs. 175
(3) Rs. 177 (4) Rs. 160
2. By selling an article for Rs. 4080, a man loses 15%. Cost price of this article
is
(1) Rs. 4800 (2) Rs. 4500
(3) Rs. 5000 (4) Rs. 5180
3. If an article is solid at 25% profit, selling price of the article will be ….. times
the cost price of the article
(1) 3/4 (2) 7/4
(3) 5/4 (4) 2
4. If cost price of 10 articles is equal to the selling price of 9 of them, the profit
percent of the dealer is :
1 2
(1) 8 % (2) 16 %
3 3
1 1
(3) 9 % (4) 11 %
11 9
5. The catalogue price of an article is Rs. 420. Shopkeeper allows two successive
discounts of 10% and 20% on it. What is the net selling price ?
(1) Rs. 202.60 (2) Rs. 202.40
(3) Rs. 350.50 (4) Rs. 370
2
6. A shopkeeper marks his goods at 1 of his cost price and allows a discount
3
of 10%. What percent does he gain or lose ?
1
(1) 40% gain (2) 33 % gain
3
(3) 50% gain (4) 50% loss
7. By selling a chair for Rs. 770, a carpenter gained 10% on it. Had he solid it
for Rs. 707, what would have been his gain or loss percent ?
(1) 1% loss (2) 1% gain
(3) 7% gain (4) 10% loss
8. Radhey Shyam sold his wrist watch for Rs. 765 and lost 10%. For what
amount should he sell it to gain 10% ?
(1) Rs. 935 (2) Rs. 940
(3) Rs. 965 (4) Rs. 880
9. If due to a major slump in the market, price of an article successively
decreases first by 20% and then by 10%, what is the total percentage of
decrease in its price
(1) 32% (2) 30%
(3) 28% (4) 25%
10. A man, after getting two successive discounts of 10% and 10% on the list price
of an article bought it for Rs. 445.50. The article was listed at
(1) Rs. 650 (2) Rs. 560
(3) Rs. 550 (4) Rs. 540
11. A shopkeeper buys pencils at 11 Rs. 10 and sells them at 10 for Rs. 11. His
gain or loss percent is :
(1) 18% (2) 15%
(3) 12% (4) 21%
12. A merchant sold two cows for Rs. 8400 and Rs. 8800 respectively. If he earns
profit of 20% on the first and 10% on the second, his total profit is
(1) Rs. 4200 (2) Rs. 2100
(3) Rs. 2400 (4) Rs. 2200
13. A shopkeeper sold an article at a profit of 17.5%. If he had bought it at 8%
less and sold it at 30% profit, he would have earned Rs. 11.55 more as profit.
Cost price of the article is :
(1) Rs. 550 (2) Rs. 675
(3) Rs. 750 (4) Rs. 475
14. By selling an article for Rs. 81, a man suffers as much loss as he could have
made profit by selling it at 10% profit. What is the C.P. of this article
(1) Rs. 84 (2) Rs. 90
(3) Rs. 100 (4) Rs. 92
15. What percent above cost price should a shopkeeper mark his goods so as to
make a profit of 20% even after allowing 10% discount on it ?
2 1
(1) 16 % (2) 11 %
3 9
1
(3) 33 % (4) 20%
3
16. A shopkeeper marks his goods 25% above cost price and allows a discount of
10% for cash payment. What percentage does he gain if the customer pays
cash ?
(1) 12% (2) 14
1 2
(3) 12 % (4) 16 %
2 3
17. After allowing two successive discounts of 12% and 5%, an article was sold
for
Rs. 209. Its marked price was
(1) Rs. 250 (2) Rs. 220
(3) Rs. 240 (4) Rs. 255
18. A bought a horse for Rs. 9000and sold it to B at a loss of 10%. B sold the same
horse again to A at a gain of 10%. As a result of this transaction :
(1) B made a profit of Rs. 810 (2) A suffered a loss of Rs. 900
(3) A made a profit of Rs. 800 (4) B made a profit of Rs. 900
19. Raju sold an article at a loss of 5%. Had he sold it at a gain of 5%, he would
have gained Rs. 67.50 more. What is the cost price of the article
(1) Rs. 670 (2) Rs. 575
(3) Rs. 675 (4) Rs. 560
20. By selling glass marbles at 30 for Re. 1, a man suffers a loss of 20%. How
many glass marbles for Re.1 should be sell so as to gain 20% ?
(1) 18 (2) 20
(3) 25 (4) 24
21. A dishonest shopkeeper professes to sell goods at his cost price. But he uses
a false weight of 800 gram for a kilogram. His gain percent in the transition is
:
(1) 20% (2) 10%
2
(3) 25% (4) 16 %
3
22. A shopkeeper allows his customers 25% discount on the marked price of an
article and still gains 30%. How much percent will he gain if the abstains from
allowing any discount ?
1 1
(1) 70 % (2) 71 %
5 9
1 1
(3) 33 % (4) 73 %
3 3
23. A man sells two horses for the same price. On one he makes profit of 10% and
on the other a loss of 15%. In the whole transaction, he makes :
4 4
(1) 4 % loss (2) 5 % loss
39 39
4 5
(3) 4 % profit (4) 4 % profit
39 39
24. A man bought a bicycle and sold it at a gain of 6%. If he had bought it at 10%
less and sold it for Rs. 14 more, he would have made a profit of 20%. The cost
price of the bicycle is :
(1) Rs. 720 (2) Rs. 700
(3) Rs. 840 (4) Rs. 600
25. If an article is successively sold at a profit of 8% and 11%, difference in two
selling prices is Rs. 15. What is the cost price of this article ?
(1) Rs. 490 (2) Rs. 480

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