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.What is 60% of 700?
- 2.A mobile phone bought for ₹2500 is sold for ₹2625. What is the profit per cent?
- 3.A cycle costs ₹3500. It is sold at a 10% loss. What is the selling price (in ₹)?
- 4.What is the amount (principal + simple interest) on ₹4800 at 3% per year for 1 year (in ₹)?
- 5.What is the simple interest on ₹1200 at 5% per year for 4 years (in ₹)?
- 6.The price of a pair of shoes changed from ₹500 to ₹750. What is the percentage increase?
- 7.The price of a pair of shoes changed from ₹25 to ₹5. What is the percentage decrease?
- 8.A sewing machine bought for ₹2800 is sold for ₹3220. What is the profit per cent?
- 9.What is the amount (principal + simple interest) on ₹8100 at 2% per year for 2 years (in ₹)?
- 10.What is the simple interest on ₹4500 at 10% per year for 4 years (in ₹)?
- 11.What is the amount (principal + simple interest) on ₹2500 at 4% per year for 1 year (in ₹)?
- 12.What is 25% of 760?
- 13.What is the amount (principal + simple interest) on ₹3800 at 7% per year for 3 years (in ₹)?
- 14.What is 5% of 420?
- 15.A shopkeeper buys a fan for ₹1950 and sells it for ₹1700. What is the loss (in ₹)?
- 16.A sewing machine costs ₹3600. It is sold at a 30% profit. What is the selling price (in ₹)?
- 17.What is 10% of 860?
- 18.The price of a school bag changed from ₹25 to ₹10. What is the percentage decrease?
- 19.What is 20% of 400?
- 20.A shopkeeper buys a cooler for ₹200 and sells it for ₹270. What is the profit (in ₹)?
- 21.A shopkeeper buys a cricket kit for ₹300 and sells it for ₹500. What is the profit (in ₹)?
- 22.A mobile phone bought for ₹3400 is sold for ₹3570. What is the profit per cent?
- 23.A shopkeeper buys a watch for ₹1200 and sells it for ₹1360. What is the profit (in ₹)?
- 24.What is 30% of 800?
- 25.A shopkeeper buys a table for ₹1450 and sells it for ₹1270. What is the loss (in ₹)?
- 26.What is 5% of 980?
- 27.A shopkeeper buys a cycle for ₹2650 and sells it for ₹2610. What is the loss (in ₹)?
- 28.What is the amount (principal + simple interest) on ₹9800 at 2% per year for 3 years (in ₹)?
- 29.What is the simple interest on ₹2100 at 6% per year for 4 years (in ₹)?
- 30.What is 45% of 160?
- 31.A table bought for ₹3800 is sold for ₹2850. What is the loss per cent?
- 32.A shopkeeper buys a cooler for ₹2500 and sells it for ₹2490. What is the loss (in ₹)?
- 33.A shopkeeper buys a cycle for ₹1000 and sells it for ₹1010. What is the profit (in ₹)?
- 34.What is 45% of 660?
- 35.A cooler bought for ₹600 is sold for ₹630. What is the profit per cent?
- 36.A cycle bought for ₹2000 is sold for ₹1700. What is the loss per cent?
- 37.What is 25% of 60?
- 38.The price of a school bag changed from ₹200 to ₹140. What is the percentage decrease?
- 39.A fan bought for ₹3700 is sold for ₹2960. What is the loss per cent?
- 40.What is the simple interest on ₹1200 at 9% per year for 5 years (in ₹)?
Answer key
- 420
- 5
- 3150
- 4944
- 240
- 50
- 80
- 15
- 8424
- 1800
- 2600
- 190
- 4598
- 21
- 250
- 4680
- 86
- 60
- 80
- 70
- 200
- 5
- 160
- 240
- 180
- 49
- 40
- 10388
- 504
- 72
- 25
- 10
- 10
- 297
- 5
- 15
- 15
- 30
- 20
- 540
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