CBSE Class 7 Mathematics Profit and Loss MCQs

Refer to CBSE Class 7 Mathematics Profit and Loss MCQs provided below. CBSE Class 7 Mathematics MCQs with answers available in Pdf for free download. The MCQ Questions for Class 7 Mathematics with answers have been prepared as per the latest syllabus, CBSE books and examination pattern suggested in Class 7 by CBSE, NCERT and KVS. Multiple Choice Questions for Chapter 8 Comparing Quantities are an important part of exams for Class 7 Mathematics and if practiced properly can help you to get higher marks. Refer to more Chapter-wise MCQs for CBSE Class 7 Mathematics and also download more latest study material for all subjects

MCQ for Class 7 Mathematics Chapter 8 Comparing Quantities

Class 7 Mathematics students should refer to the following multiple-choice questions with answers for Chapter 8 Comparing Quantities in Class 7. These MCQ questions with answers for Class 7 Mathematics will come in exams and help you to score good marks

Chapter 8 Comparing Quantities MCQ Questions Class 7 Mathematics with Answers

Question: The money which is paid by the purchaser to buy an article is called

a) cost price

b) selling price

c) profit

d) loss

Answer: cost price

 

Question: The price at which an article is sold to the customer is called the

a) selling price

b) cost price

c) profit

d) loss

Answer: selling price

 

Question: If the S.P (selling price) of the article is more than its cost price, then the article is said to be sold

a) at a profit

b) at a loss

c) Both

Answer: at a profit

 

Question: If the selling price of the article is less than its cost price, then the article is said to be sold

a) at a loss

b) at a profit

c) Both

Answer: at a loss

 

Question: Overhead charges are always added to the

a) cost price

b) selling price

c) profit

d) loss

Answer: cost price

 

Question: Gain or loss is expressed as a percentage of

a) the cost price

b) The selling price

Answer: the cost price

 

Question: If the profit is given to be 30% it means if the cost price is Rs.100, the selling price is

a) Rs.130

b) Rs.30

c) Rs.100

Answer: Rs.130

 

Question: One dealer buys an article for Rs.100 and sells it for Rs.101, his profit is

a) Rs.1

b) Rs.100

c) Rs.110

d) Rs.10

Answer: Rs.1

 

Question: If cost price is Rs.500 and actual profit is Rs.25 then profit% is

a) 5%

b) 15%

c) 50%

Answer: 5%

 

Question: Shyam sold a book for Rs.120 at a profit of Rs.40, the cost price will be

a) Rs.80

b) Rs.160

c) Rs.140

Answer: Rs.80

 

Question: If C.P= Rs.30, SP=Rs.42 then there is a

a) profit of Rs.12

b) Profit of Rs.30

c) loss of Rs.12

Answer: profit of Rs.12

 

Question: When S.P= Rs.200, loss= Rs.40 then C.P is

a) Rs.240

b) Rs.160

c) Rs.200

Answer: Rs.240

 

Question: If the cost price Rs.100 and selling price is Rs.120 then the profit percent is

a) 20%

b) 30%

c) 40%

d) 10%

Answer: 20%

 

Question: Shyam sold a book for Rs.120 at a profit of Rs.40. His profit percent is

a) 50%

b) 40%

c) 60%

Answer: 50%

 

Question: If selling price is Rs.40 and loss= Rs.10 then cost price is

a) Rs.50

b) Rs.30

c) Rs.10

d) Rs.40

Answer: Rs.50

 

Question: Ram purchased a Janata Flat for Rs.8,50,000. He spent Rs.30,000 on repairs and white washing and then sold. The total C.P is

a) Rs. 8,80,000

b) Rs. 8,20,000

Answer: Rs. 8,80,000

 

Question: By selling a laptop for Rs.23,000, a dealer earns a profit of 15% its cost price is

a) Rs.20,000

b) Rs.15,000

c) Rs.38,000

Answer: Rs.20,000

 

Question: A fruit seller bought 150 dozen bananas at Rs.20 per dozen. His overhead expenses were Rs.200.

a) Rs.3,200

b) Rs.2800

c) Rs.3000

Answer: Rs.3,200

 

Question: If a shopkeeper sells a wrist- watch for Rs.720 makes a profit of 20%, its cost price is

a) Rs.600

b) Rs.720

c) Rs.500

d) Rs.740

Answer: Rs.600

 

Question: Neetu buys a dress for Rs.2000 and sells it at 10% loss. Its selling price is

a) Rs.1800

b) Rs.2000

c) Rs.1500

d) Rs.1600

Answer: Rs.1800

 

Question: Samar purchased a bicycle for Rs.4200, and spent Rs.800 on its repairs. He had to sell it for Rs.4500. Then there is a

a) loss of 10%

b) Gain of 10%

c) Gain of 30%

Answer: loss of 10%

 

Question: Jai bought a pen for Rs.70 and sold it for Rs.63. Then there is a

a) Loss of Rs.7

b) Profit of Rs.7

c) Profit of Rs.70

Answer: Loss of Rs.7

 

Question: By selling a refrigerator for Rs.16875, a profit of Rs.1875 is made then the cost price of the refrigerator is

a) Rs.15000

b) Rs.16000

c) Rs.14000

d) Rs.14500

Answer: Rs.15000

 

Question: The cost price of the shirt which is sold for Rs.150 at a loss of Rs.100.

a) 250

b) 350

c) 450

d) 550

Answer: 250

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CBSE Class 7 Mathematics Chapter 8 Comparing Quantities MCQs

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MCQs for Mathematics CBSE Class 7 Chapter 8 Comparing Quantities

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Chapter 8 Comparing Quantities MCQs Mathematics CBSE Class 7

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Chapter 8 Comparing Quantities CBSE Class 7 MCQs Mathematics

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CBSE MCQs Mathematics Class 7 Chapter 8 Comparing Quantities

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