R d sharma solutions mathematics class 7 Solutions for Chapter 12 profit and loss

Exercises in Chapter 12 profit and loss Grade 7

Profit and Loss Exercise 12.1

Questions in Profit and Loss Exercise 12.1

Given the following values, find the unknown values:

(i) C.P. = Rs 1200, S.P. = Rs 1350Profit/Loss?

(ii) C.P. = Rs 980, S.P. = Rs 940 Profit/Loss =?

(iii) C.P. = Rs 720, S.P. =?, Profit = Rs 55.50

(iv) C.P. =? S.P. = Rs 1254 , Loss = Rs 32

Fill in the blanks in each of the following:

(i) C.P. = Rs 1265, S.P. = Rs 1253, Loss = Rs …….

(ii) C.P. = Rs……., S.P. = Rs 450, Profit = Rs 150

(iii) C.P. = Rs 3355, S.P. = Rs 7355,……. = Rs……

(iv) C.P. = Rs……., S.P. = Rs 2390, Loss = Rs 5.50

Calculate the profit or loss and profit or loss per cent in each of the following cases:

(i) C.P. = Rs 4560, S.P. = Rs 5000

(ii) C.P. = Rs 2600, S.P. = Rs 2470

(iii) C.P. = Rs 332, S.P. = Rs 350

(iv) C.P. = Rs 1500, S.P. = Rs 1500

Find the gain or loss per cent, when:

(i) C.P. = Rs 4000 and gain = Rs 40.

(ii) S.P. = Rs 1272 and loss = Rs 328

(iii) S.P. = Rs 1820 and gain = Rs 420.

Find the gain or loss per cent, when: (i) C.P. = Rs 2300, Overhead expenses = Rs 300 and gain = Rs 260. (ii) C.P. = Rs 3500, Overhead expenses = Rs 150 and loss = Rs 146

A grain merchant sold 600 quintals of rice at a profit of 7%. If a quintal of ricecost him Rs 250 and his total overhead charges for transportation, etc. were Rs 1000 find his total profit and the selling price of 600 quintals of rice.

Naresh bought 4 dozen pencils at Rs 10.80 a dozen and sold them for 80 paise each. Find his gain or loss percent.

A vendor buys oranges at Rs 26 per dozen and sells them at 5 for Rs 13. Find his gain percent.

Mr Virmani purchased a house for Rs 365000 and spent Rs 135000 on its repairs. If he sold it for Rs 550000, find his gain percent.

Shikha purchased a wrist watch for Rs 840 and sold it to her friend Vidhi forRs 910. Find her gain percent.

A business man makes a 10% profit by selling a toy costing him Rs 120. What isthe selling price?

Harish purchased 50 dozen bananas for Rs 135. Five dozen bananas could notbe sold because they were rotten. At what price per dozen should Harish sell the remaining bananas so that he makes a profit of 20%?

Jyotsana bought 400 eggs at Rs 8.40 a dozen. At what price per hundred must she sell them so as to earn a profit of 15%?

A shopkeeper makes a profit of 15% by selling a book for Rs 230. What is theC.P. and the actual profit?

A bookseller sells all his books at a profit of 10%. If he buys a book fromthe distributor at Rs 200, how much does he sell it for?

A floweriest buys 100 dozen roses at Rs 2 a dozen. By the time the flowers are delivered, 20 dozen roses are mutilated and are thrown away. At what price should he sell the rest if he needs to make a 20% profit on his purchase?