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Class 7 Maths Worksheet: Profit and Loss, Simple Interest

Maths worksheets lesson 54: Comparing quantities: percentage, profit and loss, simple interest · Set 655 · 40 sums
TalentJR

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. 1.A mobile phone bought for ₹1700 is sold for ₹2125. What is the profit per cent?
  2. 2.A shopkeeper buys a cricket kit for ₹2350 and sells it for ₹2310. What is the loss (in ₹)?
  3. 3.A sewing machine costs ₹2400. It is sold at a 25% profit. What is the selling price (in ₹)?
  4. 4.The price of a water bottle changed from ₹20 to ₹28. What is the percentage increase?
  5. 5.A shopkeeper buys a cricket kit for ₹1050 and sells it for ₹1320. What is the profit (in ₹)?
  6. 6.A shopkeeper buys a watch for ₹2250 and sells it for ₹2290. What is the profit (in ₹)?
  7. 7.A shopkeeper buys a fan for ₹900 and sells it for ₹830. What is the loss (in ₹)?
  8. 8.What is the simple interest on ₹5900 at 3% per year for 2 years (in ₹)?
  9. 9.What is 70% of 640?
  10. 10.The price of a school bag changed from ₹25 to ₹20. What is the percentage decrease?
  11. 11.What is 10% of 200?
  12. 12.What is the amount (principal + simple interest) on ₹1400 at 2% per year for 1 year (in ₹)?
  13. 13.What is the simple interest on ₹7900 at 6% per year for 5 years (in ₹)?
  14. 14.The price of a pair of shoes changed from ₹40 to ₹44. What is the percentage increase?
  15. 15.A fan costs ₹400. It is sold at a 50% profit. What is the selling price (in ₹)?
  16. 16.What is 65% of 240?
  17. 17.A watch costs ₹1000. It is sold at a 30% profit. What is the selling price (in ₹)?
  18. 18.A shopkeeper buys a cooler for ₹1650 and sells it for ₹1730. What is the profit (in ₹)?
  19. 19.The price of a bus pass changed from ₹25 to ₹40. What is the percentage increase?
  20. 20.What is 5% of 780?
  21. 21.A table bought for ₹1900 is sold for ₹1425. What is the loss per cent?
  22. 22.What is 15% of 300?
  23. 23.What is the amount (principal + simple interest) on ₹9300 at 8% per year for 1 year (in ₹)?
  24. 24.A shopkeeper buys a cycle for ₹2350 and sells it for ₹2600. What is the profit (in ₹)?
  25. 25.What is the simple interest on ₹800 at 5% per year for 1 year (in ₹)?
  26. 26.What is 40% of 560?
  27. 27.What is the simple interest on ₹5900 at 5% per year for 3 years (in ₹)?
  28. 28.A cricket kit bought for ₹1000 is sold for ₹750. What is the loss per cent?
  29. 29.The price of a school bag changed from ₹80 to ₹64. What is the percentage decrease?
  30. 30.What is the simple interest on ₹6000 at 5% per year for 3 years (in ₹)?
  31. 31.What is 90% of 680?
  32. 32.What is the amount (principal + simple interest) on ₹9000 at 12% per year for 1 year (in ₹)?
  33. 33.The price of a school bag changed from ₹500 to ₹300. What is the percentage decrease?
  34. 34.A cycle costs ₹3300. It is sold at a 40% profit. What is the selling price (in ₹)?
  35. 35.A table bought for ₹1500 is sold for ₹1320. What is the loss per cent?
  36. 36.What is 35% of 280?
  37. 37.A shopkeeper buys a table for ₹900 and sells it for ₹1020. What is the profit (in ₹)?
  38. 38.The price of a pair of shoes changed from ₹40 to ₹64. What is the percentage increase?
  39. 39.What is 75% of 860?
  40. 40.What is the simple interest on ₹4100 at 8% per year for 2 years (in ₹)?

Answer key

  1. 25
  2. 40
  3. 3000
  4. 40
  5. 270
  6. 40
  7. 70
  8. 354
  9. 448
  10. 20
  11. 20
  12. 1428
  13. 2370
  14. 10
  15. 600
  16. 156
  17. 1300
  18. 80
  19. 60
  20. 39
  21. 25
  22. 45
  23. 10044
  24. 250
  25. 40
  26. 224
  27. 885
  28. 25
  29. 20
  30. 900
  31. 612
  32. 10080
  33. 40
  34. 4620
  35. 12
  36. 98
  37. 120
  38. 60
  39. 645
  40. 656

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