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Test: Profit & Loss - Class 5 MCQ


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10 Questions MCQ Test Mathematics for Class 5 - Test: Profit & Loss

Test: Profit & Loss for Class 5 2025 is part of Mathematics for Class 5 preparation. The Test: Profit & Loss questions and answers have been prepared according to the Class 5 exam syllabus.The Test: Profit & Loss MCQs are made for Class 5 2025 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Profit & Loss below.
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Test: Profit & Loss - Question 1

Rohit bought a cycle for ₹4560 and sold it for ₹5130. Did he make a profit or a loss, and how much?

Detailed Solution for Test: Profit & Loss - Question 1
Profit = Selling Price (SP) - Cost Price (CP) = ₹5130 - ₹4560 = ₹570.
Test: Profit & Loss - Question 2

A shopkeeper bought a box of pencils for ₹25.50 and sold it for ₹23.75. Did he make a profit or a loss, and how much?

Detailed Solution for Test: Profit & Loss - Question 2
Loss = Cost Price (CP) - Selling Price (SP) = ₹25.50 - ₹23.75 = ₹1.75.
Test: Profit & Loss - Question 3

If the Cost Price (CP) of an item is ₹560 and the Selling Price (SP) is ₹590, what is the profit or loss?

Detailed Solution for Test: Profit & Loss - Question 3

Profit = SP - CP = ₹590 - ₹560 = ₹30.

Test: Profit & Loss - Question 4
If the Cost Price (CP) of an item is ₹2560 and the Selling Price (SP) is ₹2510, what is the profit or loss?
Detailed Solution for Test: Profit & Loss - Question 4
Loss = CP - SP = ₹2560 - ₹2510 = ₹50.
Test: Profit & Loss - Question 5

If the Cost Price (CP) of an item is ₹650 and the Selling Price (SP) is ₹710, what is the profit or loss?

Detailed Solution for Test: Profit & Loss - Question 5

Profit = SP - CP = ₹710 - ₹650 = ₹60.

Test: Profit & Loss - Question 6
If the Cost Price (CP) of an item is ₹1967 and the Selling Price (SP) is ₹2000, what is the profit or loss?
Detailed Solution for Test: Profit & Loss - Question 6
Profit = SP - CP = ₹2000 - ₹1967 = ₹33.
Test: Profit & Loss - Question 7

If the Cost Price (CP) of an item is ₹30.45 and the Selling Price (SP) is ₹32, what is the profit or loss?

Detailed Solution for Test: Profit & Loss - Question 7

Profit = SP - CP = ₹32 - ₹30.45 = ₹1.55.

Test: Profit & Loss - Question 8
If the Cost Price (CP) of an item is ₹90.15 and the Selling Price (SP) is ₹89.25, what is the profit or loss?
Detailed Solution for Test: Profit & Loss - Question 8
Loss = CP - SP = ₹90.15 - ₹89.25 = ₹0.90.
Test: Profit & Loss - Question 9

Mr. Lal bought a refrigerator for ₹32645 and sold it for ₹35000. Did he make a profit or a loss, and how much?

Detailed Solution for Test: Profit & Loss - Question 9

Profit = SP - CP = ₹35000 - ₹32645 = ₹2355.

Test: Profit & Loss - Question 10

Nitu bought a music system for ₹8960 and spent ₹450 on repairs. She sold it at a profit of ₹510. What is the Selling Price (SP)?

Detailed Solution for Test: Profit & Loss - Question 10

Total CP = ₹8960 + ₹450 = ₹9410
Profit = ₹510
SP = CP + Profit = ₹9410 + ₹510 = ₹9920.

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