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 watch for ₹1900 and sells it for ₹2050. What is the profit (in ₹)?
- 2.A shopkeeper buys a cricket kit for ₹2700 and sells it for ₹2950. What is the profit (in ₹)?
- 3.The price of a pair of shoes changed from ₹100 to ₹60. What is the percentage decrease?
- 4.A shopkeeper buys a cricket kit for ₹2350 and sells it for ₹2540. What is the profit (in ₹)?
- 5.What is the amount (principal + simple interest) on ₹600 at 12% per year for 5 years (in ₹)?
- 6.What is 70% of 620?
- 7.What is the amount (principal + simple interest) on ₹3900 at 7% per year for 4 years (in ₹)?
- 8.The price of a cricket ball changed from ₹80 to ₹144. What is the percentage increase?
- 9.A watch bought for ₹1200 is sold for ₹1500. What is the profit per cent?
- 10.A shopkeeper buys a cooler for ₹2500 and sells it for ₹2800. What is the profit (in ₹)?
- 11.What is the amount (principal + simple interest) on ₹9000 at 3% per year for 2 years (in ₹)?
- 12.A mobile phone bought for ₹900 is sold for ₹1350. What is the profit per cent?
- 13.What is the amount (principal + simple interest) on ₹9700 at 12% per year for 2 years (in ₹)?
- 14.A cooler costs ₹1600. It is sold at a 12% loss. What is the selling price (in ₹)?
- 15.What is 80% of 620?
- 16.The price of a box of mangoes changed from ₹25 to ₹15. What is the percentage decrease?
- 17.A sewing machine bought for ₹2100 is sold for ₹1848. What is the loss per cent?
- 18.What is the amount (principal + simple interest) on ₹8000 at 12% per year for 2 years (in ₹)?
- 19.What is 30% of 40?
- 20.What is 10% of 1000?
- 21.A shopkeeper buys a table for ₹2350 and sells it for ₹2370. What is the profit (in ₹)?
- 22.What is 20% of 120?
- 23.What is the simple interest on ₹9400 at 7% per year for 1 year (in ₹)?
- 24.A watch costs ₹500. It is sold at a 12% loss. What is the selling price (in ₹)?
- 25.What is the simple interest on ₹8500 at 2% per year for 3 years (in ₹)?
- 26.The price of a bus pass changed from ₹250 to ₹450. What is the percentage increase?
- 27.The price of a cricket ball changed from ₹80 to ₹48. What is the percentage decrease?
- 28.What is the simple interest on ₹500 at 12% per year for 1 year (in ₹)?
- 29.A cricket kit bought for ₹2700 is sold for ₹4050. What is the profit per cent?
- 30.A watch costs ₹3200. It is sold at a 50% loss. What is the selling price (in ₹)?
- 31.A mobile phone costs ₹400. It is sold at a 10% profit. What is the selling price (in ₹)?
- 32.What is the simple interest on ₹800 at 9% per year for 3 years (in ₹)?
- 33.What is the amount (principal + simple interest) on ₹8600 at 10% per year for 4 years (in ₹)?
- 34.What is 45% of 520?
- 35.What is 70% of 480?
- 36.A table costs ₹2400. It is sold at a 15% profit. What is the selling price (in ₹)?
- 37.What is the amount (principal + simple interest) on ₹8800 at 12% per year for 5 years (in ₹)?
- 38.What is the amount (principal + simple interest) on ₹7800 at 12% per year for 5 years (in ₹)?
- 39.What is 70% of 1000?
- 40.What is the simple interest on ₹500 at 9% per year for 1 year (in ₹)?
Answer key
- 150
- 250
- 40
- 190
- 960
- 434
- 4992
- 80
- 25
- 300
- 9540
- 50
- 12028
- 1408
- 496
- 40
- 12
- 9920
- 12
- 100
- 20
- 24
- 658
- 440
- 510
- 80
- 40
- 60
- 50
- 1600
- 440
- 216
- 12040
- 234
- 336
- 2760
- 14080
- 12480
- 700
- 45
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