MCQ Questions for ICSE Class 4 Math Profit And Loss With Answers

think whether SP is greater or less than CP

P=SP-CP Profit percentage=(P/CP)\\times 100

selling price is less than the cost price

Think of the amount paid

Profit percentage= (P/CP)\\times 100 P=SP-CP

Loss percentage= (L/CP)\\times 100 Loss=CP-SP

Think of the price for which product is sold

The shopkeeper has gone through a loss

Think of the gained amount(when SP is greater than CP)

P=SP-CP Profit percentage= (P/CP)\\times 100