1If the selling price of an article is more than the price paid for it, there is a profit. Is this statement right or wrong?
2Adding the profit to the selling price gives the cost price. Is this statement right or wrong?
3When the selling price is less than the cost price there is a loss. Is this statement right or wrong?
4When the selling price is more than the cost price there is a loss. Is this statement right or wrong?
5If the selling price of an article is less than the price paid for it, there is a profit. Is this statement right or wrong?
6For each article below, is there a profit or a loss, and how much? Watch: C.P. Rs 7000, S.P. Rs 7720. Mobile: C.P. Rs 9000, S.P. Rs 8750. Bicycle: C.P. Rs 5000, S.P. Rs 2750. Bag: C.P. Rs 2650, S.P. Rs 2900.
7Harinarayan bought a laptop for Rs 65,000 and sold it for Rs 50,000. How much did he gain or lose?
8Rabi bought a calculator for Rs 2050 and sold it to Anisha at a profit of Rs 200. For how much was the calculator sold?
9Sabina sold a sari for Rs 3500 and made a profit of Rs 650. What was the cost price of the sari?
10Dhruba bought a pen drive for Rs 1000 and sold it to Surendra at a profit of Rs 250. Surendra then sold that pen drive to Basu at a loss of Rs 300. (a) For how much did Dhruba sell it to Surendra? (b) For how much did Basu buy it from Surendra?
11Ramvilash bought 5 kg of oranges at Rs 120 per kg and sold them at Rs 150 per kg. How much did he gain or lose?
12A trader buys 10 pens at Rs 75 each and sells all of them at Rs 80 each. Does he gain or lose, and by how much?
13Ramesh bought a wooden cupboard for Rs 18,550. He was transferred in his job and had to move, so he sold the cupboard for Rs 14,200. Did he gain or lose, and by how much?
14Visit the shops near your home and your school and find the price of seven things you use every day. By how much is each thing cheaper or dearer in one shop than in another, and on which goods does a shop take the biggest gain?
15A shopkeeper bought shoes for Rs 1800 and sold them for exactly Rs 1800. What happened to him?
16Meena bought a phone for Rs 4,750 and sold it for Rs 5,300. How much profit did she make? Show the steps.
17A vegetable seller bought 8 kg of potatoes at Rs 55 per kg and sold all of them at Rs 48 per kg. How much did he lose?
18A book sold for Rs 320 brought a loss of Rs 45. What had the book been bought for?