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Class 8 Maths Practice Test: Comparing Quantities - Price Related to Buying and Selling (Profit and Loss)
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Avg score: 17% • Most missed: “An item was marked for Rs. 5000 but sold for Rs. 3500. What is the % loss on the…”

The formula for Profit is S.P. – C.P.

If the selling price is lesser than the cost price, whatever difference you get between the two is the loss suffered.

Similarly, Loss is C.P. – S.P.

Always remember that you calculate profit or loss on the cost price.

Class 8 Maths Practice Test: Comparing Quantities - Price Related to Buying and Selling (Profit and Loss)
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10 Questions

1. An item is marked as Rs. 6000. There is a 40% discount on the item. What is the discounted price of an item?
2. Zayn bought tickets to concert for Rs. 1700. He wants to sell them at a profit of 22%. What is the selling price of tickets?
3. Rehan bought bulbs for Rs. 25. He wants to sell them at a discount of 15%. What is the selling price of bulbs?
4. Rohan bought bike for Rs. 75000. He wants to sell it by making 20% profit. What is the selling price of bike?
5. An item is marked as Rs. 8000. There is a 25% discount on the item. What is the amount of discount received on the item?
6. An item was marked for Rs. 5000 but sold for Rs. 3500. What is the % loss on the product?
7. The cost price of house is Rs. 2500000. The house repair costed Raj Rs. 150000. The house was sole for 20% profit. What is the selling price of house?
8. Riya bought apples for Rs. 350. She sold them for Rs. 400. Find the percentage of profit made by Riya.
9. The price of bike is Rs. 75000. The seller offered discount of 20% this year. What is the discounted price of bike?
10. The cost price of shirt is Rs. 2500. The shopkeeper sold 10 shirts at 15% profit. What is the total profit made?

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