Profit & Loss: Challenge & Extension
Mathematics
Grade 7
11 questions
~22 mins
1 views0 downloads
About This Worksheet
A worksheet designed to challenge Grade 7 students with problems on Profit & Loss, covering procedural mastery, multi-step reasoning, real-world applications, and extension questions.
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Full preview • 11 questions
Profit & Loss: Challenge & Extension
Subject: MathematicsGrade: Grade 7
Name:
Date:
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Untitled Worksheet
Grade Grade 7
A
Practice Questions
Answer all questions. Show your working in the grid spaces provided.
1.
Calculate the cost price of an item that is sold for $150 at a 20% profit.
[3 marks]2.
A shop sells an article at a loss of 15%. If the selling price is $85, what was the original cost price?
[3 marks]3.
A retailer bought a batch of items for $2000. If he sells them at a 25% profit, what is the selling price?
[4 marks]4.
A product is marked with a price of $120. During a sale, it is sold at a 10% discount. What is the selling price?
[2 marks]5.
If an item originally costs $80 and is sold at a 12.5% loss, what is the selling price?
[3 marks]6.
A store offers a 5% discount on a jacket costing $200. What is the discount amount?
[2 marks]7.
A calculator was purchased for $55 and sold for a profit of 18%. Find the selling price.
[4 marks]8.
A shop reduces the marked price of an item from $250 to $200. Calculate the percentage reduction.
[3 marks]9.
A produce costs $45 to make. If the retailer sells it at a 40% profit, what is the selling price?
[3 marks]10.
A product marked at $200 is sold after a 15% discount. The seller still makes a 10% profit on the original marked price. What is the cost price of the product?
[5 marks]11.
Identify and correct the error: A retailer claims a 25% profit on a $120 cost price, so the selling price is calculated as $150.
[4 marks]Quick Actions
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Details
- Created
- 1/1/2026
- Updated
- 1/1/2026
- Type
- worksheet