Maths Quiz for Class 5 Profit and Loss

In this post, you will find 20 online maths quiz questions for class 5 profit and loss. Online maths quiz for class 5 profit and loss will take around 15 minutes or less to complete it.

Question 1: The formula to calculate profit is ______________.

A) P = CP – SP

B) P = SP + CP

C) P = SP – CP

D) P = SP – L

Explanation: The formula to calculate profit is: Profit = Selling price – Cost price

Question 2: The formula to calculate loss is ______________.

A) L = CP – SP

B) L = CP + SP

C) L = SP – CP

D) L = SP – P

Explanation: The formula to calculate loss is: Loss = Cost price – Selling price

Question 3: If the CP and SP of an item are ₹ 800 and ₹ 950, respectively, then find the profit of the item.

A) ₹ 150

B) ₹ 125

C) ₹ 100

D) ₹ 50

Explanation: Here, CP = ₹ 800 and SP = ₹ 950. Profit = SP – CP = ₹ 950 – ₹ 800 = ₹ 150

Question 4: If the CP and SP of a table fan are ₹ 1500 and ₹ 1450, respectively, then find the loss of the table fan.

A) ₹ 25

B) ₹ 50

C) ₹ 100

D) ₹ 150

Explanation: Here, CP = ₹ 1500 and SP = ₹ 1450. Loss = CP – SP = ₹ 1500 – ₹ 1450 = ₹ 50

Question 5: If the cost price and selling price of motorcycle are ₹ 78,000 and ₹ 80,000, respectively, then find the profit of the motorcycle.

A) ₹ 1000

B) ₹ 2000

C) ₹ 3000

D) ₹ 4000

Explanation: Here, CP of motorcycle = ₹ 78,000 and SP of motorcycle = ₹ 80,000. Profit = SP – CP = ₹ 80,000 – ₹ 78,000 = ₹ 2000

Question 6: If the cost price and selling price of a TV set are ₹ 32,000 and ₹ 31,540, respectively, then find the loss of the TV set.

A) ₹ 480

B) ₹ 470

C) ₹ 460

D) ₹ 450

Explanation: Here, CP of TV set = ₹ 32,000 and SP of TV set = ₹ 31,540. Loss = CP – SP = ₹ 32,000 – ₹ 31,540 = ₹ 460

Question 7: An electric iron was purchased for ₹ 1240 and sold for ₹ 1375. Find the profit earned.

A) ₹ 125

B) ₹ 135

C) ₹ 130

D) ₹ 145

Explanation: Here, CP of electric iron = ₹ 1240 and SP of electric iron = ₹ 1375. Profit = SP – CP = ₹ 1375 – ₹ 1240 = ₹ 135

Question 8: Sonu bought a second-hand car for ₹ 1,45,000. After using it for one year, he sold the car for ₹ 1,25,500. Find his loss.

A) ₹ 18,000

B) ₹ 18,500

C) ₹ 19,000

D) ₹ 19,500

Explanation: Here, CP of car = ₹ 1,45,000 and SP of car = ₹ 1,25,500. Loss = CP – SP = ₹ 1,45,000 – ₹ 1,25,500 = ₹ 19,500

Question 9: Reena bought a refrigerator for ₹ 15,850 and sold it for ₹ 12,560. What is his profit or loss?

A) ₹ 3290 loss

B) ₹ 3290 profit

C) ₹ 3280 loss

D) ₹ 3280 profit

Explanation: Here, CP of refrigerator = ₹ 15,850 and SP of refrigerator = ₹ 12,560. Since CP > SP, there is a loss. Loss = CP – SP = ₹ 15,850 – ₹ 12,560 = ₹ 3290

Question 10: Hema bought an old washing machine for ₹ 14,500. He spent ₹ 1250 on repairing it and then sold it for ₹ 16,540. What is his profit or loss?

A) ₹ 690 profit

B) ₹ 790 loss

C) ₹ 790 profit

D) ₹ 690 loss

Explanation: Here, CP of washing machine = ₹ 14,500 + ₹ 1250 = ₹ 15,750 and SP of washing machine = ₹ 16,540. Since SP > CP, there is a profit. Profit = SP – CP = ₹ 16,540 – ₹ 15,750 = ₹ 790

Question 11: A shopkeeper sold a cycle for ₹ 4250 and earned a profit of ₹ 875. What was the cost price of the cycle?

A) ₹ 3275

B) ₹ 3375

C) ₹ 3175

D) ₹ 3325

Explanation: Here, SP = ₹ 4250 and profit = ₹ 875. Cost price = Selling price – Profit = ₹ 4250 – ₹ 875 = ₹ 3375

Question 12: By selling his scooter for ₹ 57,485, Rohan suffers a loss of ₹ 8575. Find the cost price of the scooter.

A) ₹ 66,160

B) ₹ 66,060

C) ₹ 66,260

D) ₹ 65,060

Explanation: Here, SP = ₹ 57,485 and loss = ₹ 8575. Cost price = Selling price + Loss = ₹ 57,485 + ₹ 8575 = ₹ 66,060

Question 13: John sold a watch for ₹ 1420, at a profit of ₹ 240. Find the cost price of the watch.

A) ₹ 1180

B) ₹ 1280

C) ₹ 1160

D) ₹ 1080

Explanation: Here, SP = ₹ 1420 and profit = ₹ 240. Cost price = Selling price – Profit = ₹ 1420 – ₹ 240 = ₹ 1180

Question 14: A wholesaler sold a fridge for ₹ 18,650, at a loss of ₹ 1140. Find the cost price of the fridge.

A) ₹ 19,690

B) ₹ 19,990

C) ₹ 19,890

D) ₹ 19,790

Explanation: Here, SP = ₹ 18,650 and loss = ₹ 1140. Cost price = Selling price + Loss = ₹ 18,650 + ₹ 1140 = ₹ 19,790

Question 15: Suhana sold her music system for ₹ 13,000, at a profit of ₹ 3600. What was the cost price of the music system?

A) ₹ 10,400

B) ₹ 9300

C) ₹ 9400

D) ₹ 9200

Explanation: Here, SP = ₹ 13,000 and profit = ₹ 3600. Cost price = Selling price – Profit = ₹ 13,000 – ₹ 3600 = ₹ 9400

Question 16: Madan bought a tractor for ₹ 2,50,000 and made a profit of ₹ 15,500 on selling it. Find the selling price of the tractor.

A) ₹ 2,60,500

B) ₹ 2,65,500

C) ₹ 2,65,000

D) ₹ 2,50,500

Explanation: Here, CP = ₹ 2,50,000 and profit = ₹ 15,500. Selling price = Cost price + Profit = ₹ 2,50,000 + ₹ 15,500 = ₹ 2,65,500

Question 17: Seema bought a computer system for ₹ 14,800 and spent ₹ 2450 on its repair. If she sold it at a loss of ₹ 3260, find the selling price of the computer system.

A) ₹ 13,990

B) ₹ 13,980

C) ₹ 13,890

D) ₹ 13,970

Explanation: Here, CP = ₹ 14,800 + 2450 = ₹ 17,250 and loss = ₹ 3260. Selling price = Cost price – Loss = ₹ 17,250 – ₹ 3260 = ₹ 13,990

Question 18: A shopkeeper bought a laptop for ₹ 48,640 and sold it at a profit of ₹ 4380. Find the selling price of the laptop.

A) ₹ 44,260

B) ₹ 53,220

C) ₹ 53,020

D) ₹ 53,120

Explanation: Here, CP = ₹ 48,640 and profit = ₹ 4380. Selling price = Cost price + Profit = ₹ 48,640 + ₹ 4380 = ₹ 53,020

Question 19: Sunita bought a mixer grinder worth ₹ 5760 and made a profit of ₹ 430 by selling it. At what price did she sell the mixer grinder?