Profit and Loss Worksheet
A Grade 7 Math worksheet focusing on understanding and calculating profit, loss, cost price, and selling price.
Includes
Standards
Topics
Profit and Loss Worksheet
Name:
Date:
Score:
Read each question carefully and answer to the best of your ability. Show all your work where required.
1. If the selling price of an item is greater than its cost price, what is the result?
Loss
Profit
Break-even
Discount
2. A shopkeeper bought a toy for $50 and sold it for $45. What is the loss percentage?
5%
10%
15%
20%
1. The original price at which an item is purchased is called the .
2. When the cost price is higher than the selling price, there is a .
1. A vendor buys a dozen apples for $15 and sells them for $2 each. Calculate the total profit or loss.
2. If a shirt is bought for $25 and sold for $30, what is the profit percentage?
1. Profit is calculated as Selling Price - Cost Price.
True
False
2. A loss occurs when the selling price is greater than the cost price.
True
False
1. A bookseller bought 100 books for $20 each. He sold 75 of them at a profit of 20% and the remaining 25 books at a loss of 10%. Calculate his overall profit or loss percentage.
Related Worksheets
Grade 7 Cash Flow Worksheet
A worksheet for 7th graders to understand and calculate personal cash flow, including income and expenses.
Balancing Your Checkbook
A worksheet for 7th graders to practice balancing a checkbook, including deposits, withdrawals, and calculating balances.
Fixed and Variable Expenses Worksheet
A worksheet for 7th graders to practice identifying and calculating fixed and variable expenses in financial literacy.
Grade 7 Math: Tax and Tip Calculations
This worksheet helps 7th-grade students practice calculating sales tax and tips, essential skills for financial literacy.
Grade 7 Budget Planning Worksheet
A worksheet for 7th graders to practice budget planning, understanding income, expenses, and savings.
Sales Tax Calculation Worksheet
A Grade 7 math worksheet focusing on calculating sales tax, total cost, and understanding percentages in real-world financial scenarios.
Grade 7: Income and Expenses Worksheet
This worksheet helps Grade 7 students understand and calculate income, expenses, and net income through various exercises and real-world scenarios.
Understanding Your Credit Card Statement
A Grade 7 worksheet to help students understand the components and calculations involved in a credit card statement, focusing on financial literacy.