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.
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- 1.A shopkeeper buys a table for ₹250 and sells it for ₹470. What is the profit (in ₹)?
- 2.What is 20% of 960?
- 3.A shopkeeper buys a cricket kit for ₹1200 and sells it for ₹1040. What is the loss (in ₹)?
- 4.What is 55% of 860?
- 5.What is 10% of 520?
- 6.What is the amount (principal + simple interest) on ₹4000 at 3% per year for 1 year (in ₹)?
- 7.A cooler bought for ₹2500 is sold for ₹1250. What is the loss per cent?
- 8.What is the amount (principal + simple interest) on ₹3600 at 7% per year for 3 years (in ₹)?
- 9.A sewing machine costs ₹2200. It is sold at a 12% profit. What is the selling price (in ₹)?
- 10.A shopkeeper buys a mobile phone for ₹1700 and sells it for ₹1600. What is the loss (in ₹)?
- 11.A mobile phone bought for ₹3500 is sold for ₹3150. What is the loss per cent?
- 12.What is the amount (principal + simple interest) on ₹8400 at 10% per year for 4 years (in ₹)?
- 13.What is 20% of 780?
- 14.A mobile phone bought for ₹300 is sold for ₹264. What is the loss per cent?
- 15.The price of a school bag changed from ₹20 to ₹4. What is the percentage decrease?
- 16.What is the amount (principal + simple interest) on ₹600 at 3% per year for 3 years (in ₹)?
- 17.A shopkeeper buys a cycle for ₹1250 and sells it for ₹1030. What is the loss (in ₹)?
- 18.What is 20% of 460?
- 19.What is 20% of 580?
- 20.What is 30% of 140?
- 21.The price of a bus pass changed from ₹40 to ₹42. What is the percentage increase?
- 22.A fan bought for ₹2400 is sold for ₹2640. What is the profit per cent?
- 23.A fan costs ₹900. It is sold at a 25% profit. What is the selling price (in ₹)?
- 24.The price of a water bottle changed from ₹200 to ₹260. What is the percentage increase?
- 25.A cooler bought for ₹3700 is sold for ₹3256. What is the loss per cent?
- 26.What is the simple interest on ₹7100 at 9% per year for 2 years (in ₹)?
- 27.A table bought for ₹1400 is sold for ₹700. What is the loss per cent?
- 28.A shopkeeper buys a cycle for ₹2250 and sells it for ₹2320. What is the profit (in ₹)?
- 29.What is the simple interest on ₹7600 at 4% per year for 2 years (in ₹)?
- 30.The price of a box of mangoes changed from ₹400 to ₹396. What is the percentage decrease?
- 31.A cricket kit bought for ₹2400 is sold for ₹2520. What is the profit per cent?
- 32.What is the amount (principal + simple interest) on ₹7200 at 5% per year for 1 year (in ₹)?
- 33.What is the amount (principal + simple interest) on ₹1100 at 4% per year for 1 year (in ₹)?
- 34.The price of a pair of shoes changed from ₹40 to ₹76. What is the percentage increase?
- 35.A cycle costs ₹2500. It is sold at a 12% loss. What is the selling price (in ₹)?
- 36.What is 60% of 660?
- 37.A mobile phone bought for ₹2600 is sold for ₹1820. What is the loss per cent?
- 38.A shopkeeper buys a cricket kit for ₹2600 and sells it for ₹2840. What is the profit (in ₹)?
- 39.What is the simple interest on ₹4600 at 4% per year for 4 years (in ₹)?
- 40.The price of a cricket ball changed from ₹25 to ₹30. What is the percentage increase?
Answer key
- 220
- 192
- 160
- 473
- 52
- 4120
- 50
- 4356
- 2464
- 100
- 10
- 11760
- 156
- 12
- 80
- 654
- 220
- 92
- 116
- 42
- 5
- 10
- 1125
- 30
- 12
- 1278
- 50
- 70
- 608
- 1
- 5
- 7560
- 1144
- 90
- 2200
- 396
- 30
- 240
- 736
- 20
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