Profit and Loss - ICSE STD 7 MATHS Questions

By selling a chair for ₹ 1410 a carpenter suffers a loss of ₹ 90. Find his loss per cent.

By selling a bicycle for ₹ 5670 a trader gains ₹ 270. Find his gain per cent.

A man bought a refrigerator for ₹ 35615 and paid ₹ 125 on its transportation. He sold it for ₹ 33953. Find his gain or loss per cent.

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Q 4[2 Mark Question Answer]2 Marks

Lemons are bought at the rate of 3 for ₹ 4. At what rate must they be sold to gain 20%?

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Q 5[2 Mark Question Answer]2 Marks

A fruit-seller bought bananas at the rate of 3 for ₹ 8 and sold them at the rate of 2 for ₹ 7. Find his gain or loss per cent.

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Q 6[2 Mark Question Answer]2 Marks

Aman bought a computer for ₹ 24000 and its accessories pack worth for ₹ 1750. He sold it all for ₹ 26780. Find his gain and gain per cent.

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Q 7[2 Mark Question Answer]2 Marks

Ayush bought a bicycle for ₹ 6250 and had to sell it for ₹ 5875. Find his loss and loss per cent.

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Q 8[2 Mark Question Answer]2 Marks

Ankita bought a mobile phone for ₹ 2350 and sold it for ₹ 2538. Find her gain and gain per cent.

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Q 9[4 marks sum]4 Marks

Birju is a fruitseller. Today he bought pears to sell. He purchased them at the rate of 8 for ₹ 75 from the wholesale market.
Q.1. How many pears should he sell for 90 if he wishes to gain 20% ?
(a) 6 $\quad$$\quad$(b) 7$\quad$$\quad$ (c) 8$\quad$$\quad$ (d) 9
Q.2. He found that another fruitseller Ghanshyam was selling pears at 9 for₹90. Find the gain per cent of Ghanshyam. (Assume that the wholesale rate is the same for all fruitsellers.)
(a) $6 \frac{2}{3} \%$$\quad$$\quad$(b) $7 \frac{1}{2} \%$$\quad$$\quad$(c) $8 \frac{1}{3} \%$$\quad$$\quad$(d) $9 \frac{3}{3} \%$
Q.3. He decides to sell pears at the rate of 8 for₹90. Find his gain per cent :
(a) $15 \%$$\quad$$\quad$(b) $17 \frac{1}{2} \%$$\quad$$\quad$(c) $20 \%$$\quad$$\quad$(d) $22 \frac{1}{2} \%$
Q.4. In a box of 120 pears, he found that 24 were rotten and he had to throw them away. He sold the remaining pears at 8 for₹90. Find his gain or less per cent on this box :
(a) 2%, gain $\quad$$\quad$(b) 4%, loss $\quad$$\quad$$\quad$(c) 6%, gain$\quad$$\quad$ (d) 8%, loss

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Q 10TRUE / FALSE1 Mark

C.P. $=\frac{100}{(100+\text { Gain } \%)} \times S . P$.

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Q 11TRUE / FALSE1 Mark

S.P. $=\left(\frac{100-\text { Loss } \%}{100}\right) \times C . P$.

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Q 12TRUE / FALSE1 Mark

$\operatorname{Loss} \%=\left(\frac{C . P .-S . P .}{C . P .} \times 100\right) \%$

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Q 13TRUE / FALSE1 Mark

There is a gain if C.P. > S.P.