Class 7 Maths Worksheet: Profit and Loss, Simple Interest
The method (Out of 100): p% of a number = number × p ÷ 100. Profit = SP − CP; loss = CP − SP. Profit % (or loss %) = profit (or loss) ÷ CP × 100. Selling price at p% profit = CP + p% of CP; at p% loss = CP − p% of CP. Simple interest = P × R × T ÷ 100; amount = P + SI. % increase or decrease = change ÷ old value × 100.
NameDateTime takenScore ___ / 40
- 1.A shopkeeper buys a cycle for ₹650 and sells it for ₹710. What is the profit (in ₹)?
- 2.What is 35% of 500?
- 3.A shopkeeper buys a cricket kit for ₹1600 and sells it for ₹1890. What is the profit (in ₹)?
- 4.The price of a water bottle changed from ₹100 to ₹120. What is the percentage increase?
- 5.What is the simple interest on ₹2700 at 11% per year for 2 years (in ₹)?
- 6.A fan costs ₹1300. It is sold at a 10% profit. What is the selling price (in ₹)?
- 7.A shopkeeper buys a watch for ₹1050 and sells it for ₹1010. What is the loss (in ₹)?
- 8.What is the simple interest on ₹9400 at 2% per year for 2 years (in ₹)?
- 9.A shopkeeper buys a cricket kit for ₹2700 and sells it for ₹2470. What is the loss (in ₹)?
- 10.A shopkeeper buys a fan for ₹500 and sells it for ₹520. What is the profit (in ₹)?
- 11.The price of a bus pass changed from ₹200 to ₹280. What is the percentage increase?
- 12.What is the amount (principal + simple interest) on ₹1900 at 9% per year for 5 years (in ₹)?
- 13.What is 20% of 280?
- 14.A fan bought for ₹3200 is sold for ₹2240. What is the loss per cent?
- 15.A shopkeeper buys a cooler for ₹2200 and sells it for ₹1940. What is the loss (in ₹)?
- 16.The price of a water bottle changed from ₹250 to ₹325. What is the percentage increase?
- 17.A cricket kit bought for ₹2600 is sold for ₹2990. What is the profit per cent?
- 18.The price of a pair of shoes changed from ₹200 to ₹198. What is the percentage decrease?
- 19.A fan bought for ₹1900 is sold for ₹1672. What is the loss per cent?
- 20.A shopkeeper buys a cycle for ₹1450 and sells it for ₹1400. What is the loss (in ₹)?
- 21.A shopkeeper buys a watch for ₹2200 and sells it for ₹2110. What is the loss (in ₹)?
- 22.What is the amount (principal + simple interest) on ₹1500 at 5% per year for 4 years (in ₹)?
- 23.A shopkeeper buys a table for ₹2450 and sells it for ₹2240. What is the loss (in ₹)?
- 24.A shopkeeper buys a cycle for ₹2450 and sells it for ₹2220. What is the loss (in ₹)?
- 25.A mobile phone bought for ₹3300 is sold for ₹3696. What is the profit per cent?
- 26.A fan bought for ₹3500 is sold for ₹3080. What is the loss per cent?
- 27.A watch costs ₹900. It is sold at a 30% loss. What is the selling price (in ₹)?
- 28.A shopkeeper buys a mobile phone for ₹2550 and sells it for ₹2340. What is the loss (in ₹)?
- 29.What is the simple interest on ₹5400 at 6% per year for 1 year (in ₹)?
- 30.What is 70% of 40?
- 31.What is the simple interest on ₹2400 at 6% per year for 2 years (in ₹)?
- 32.A fan costs ₹1600. It is sold at a 40% profit. What is the selling price (in ₹)?
- 33.The price of a bus pass changed from ₹20 to ₹25. What is the percentage increase?
- 34.A shopkeeper buys a mobile phone for ₹3000 and sells it for ₹2990. What is the loss (in ₹)?
- 35.A table bought for ₹2900 is sold for ₹1450. What is the loss per cent?
- 36.A shopkeeper buys a cricket kit for ₹2000 and sells it for ₹1950. What is the loss (in ₹)?
- 37.What is the amount (principal + simple interest) on ₹5100 at 4% per year for 4 years (in ₹)?
- 38.What is the simple interest on ₹9100 at 3% per year for 3 years (in ₹)?
- 39.What is 55% of 520?
- 40.A shopkeeper buys a mobile phone for ₹2600 and sells it for ₹2840. What is the profit (in ₹)?
Answer key
- 60
- 175
- 290
- 20
- 594
- 1430
- 40
- 376
- 230
- 20
- 40
- 2755
- 56
- 30
- 260
- 30
- 15
- 1
- 12
- 50
- 90
- 1800
- 210
- 230
- 12
- 12
- 630
- 210
- 324
- 28
- 288
- 2240
- 25
- 10
- 50
- 50
- 5916
- 819
- 286
- 240
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