Profit, Loss and Discount
ICSE · Class 7 · Mathematics
Most important questions from Profit, Loss and Discount for ICSE Class 7 Mathematics board exam 2026. MCQs, short answer, and long answer questions with marks.
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Sample Questions
A dealer marks a T.V. set at ₹9,000 and gives a discount of 20%. What is the selling price?
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₹7,200
Step 1: Find the discount. Discount = 20% of ₹9,000 = (20 / 100) × 9000 = ₹1,800. Step 2: Subtract discount from marked price. S.P. = ₹9,000 - ₹1,800 = ₹7,200. So the correct answer is ₹7,200.
An article is marked at ₹155 and sold for ₹124. What is the discount percent?
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20%
Step 1: Find the discount. Discount = ₹155 - ₹124 = ₹31. Step 2: Find discount percent. Discount % = (31 / 155) × 100 = 20%. So the correct answer is 20%.
A trader bought 12 eggs for ₹16. At what price per egg should he sell them to gain 50%?
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₹2.00
Step 1: Find gain on 12 eggs. Gain = 50% of ₹16 = (50 / 100) × 16 = ₹8. Step 2: Find total selling price of 12 eggs. S.P. = ₹16 + ₹8 = ₹24. Step 3: Find selling price of 1 egg. ₹24 ÷ 12 = ₹2. So the correct answer is ₹2.00.
By selling an article for ₹270, a loss of 10% is suffered. What is the cost price?
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₹300
Step 1: If loss is 10%, then S.P. is 90% of C.P. Step 2: So ₹270 = 90% of C.P. Step 3: C.P. = 270 × 100 / 90 = ₹300. So the correct answer is ₹300.
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