Profit and Loss
Authored by SCORPIO 143
Mathematics
6th Grade
CCSS covered
Used 12+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What is selling price?
Price at which we buy the things.
Price at which we sell the things.
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
If Selling price > Cost price, it will be
Profit
Loss
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
If CP > SP, then profit is made from this transaction.
True
False
Tags
CCSS.7.EE.B.3
CCSS.7.NS.A.3
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
How we calculate profit?
Profit = SP - CP
Profit = CP- SP
Tags
CCSS.6.EE.A.2
CCSS.6.EE.A.3
CCSS.6.EE.A.4
CCSS.6.EE.B.6
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
How we calculate Loss ?
Loss = SP -CP
Loss = CP -SP
Tags
CCSS.7.EE.B.3
CCSS.7.NS.A.3
CCSS.7.NS.A.1
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
If you want to sell the watch on profit, then____
Selling price of watch is greater than its Cost price.
Cost price of watch is greater than its Selling price .
Tags
CCSS.7.RP.A.3
CCSS.7.RP.A.2
CCSS.7.EE.B.4
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What is the percentage profit if Tony buys a watch for $50 and sells it for $60?
20%
83.3%
16.6%
16.7%
Tags
CCSS.7.RP.A.3
CCSS.7.RP.A.2
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