Name: ___________________Date:___________________

 Email us to get an instant 20% discount on highly effective K-12 Math & English kwizNET Programs!

### MEAP Preparation - Grade 7 Mathematics1.107 Cost Price, Selling Price, and Profit

 Cost Price: The money paid by a store owner to buy goods is called the cost price(C.P.) of the store owner. Selling Price: The price at which a store sells the goods is called the selling price (S.P.). Profit: If the selling price (S.P.) is greater than the cost price (C.P.), then the store owner make a profit. Formulae: Profit = Selling Price - Cost Price Selling Price = Cost Price + Profit Cost Price = Selling Price - Profit Directions: Answer the following qustions. Also write at least ten examples of your own.
 Q 1: Cost price = \$2932 and profit = \$270, find the selling price.\$3200\$3202\$3002 Q 2: Cost price = \$3761 and profit = \$500, find the selling price.\$4261\$4620\$4260 Q 3: Cost price = \$161 and selling price = \$170, find the profit.\$8\$7\$9 Q 4: Cost price = \$2962 selling price = \$3000, find the profit.\$38\$40\$55 Q 5: Selling price = \$37621 and profit is \$2701, find the cost price.\$34920\$35920\$34500 Q 6: Cost price = \$2770 and selling price = \$2772, find the profit.\$6\$2\$4 Q 7: Selling price = \$2792 and profit = \$300, find the cost price.\$2592\$2492\$2692 Q 8: Selling price = \$390 and profit = \$20, find the cost price.\$410\$390\$370 Question 9: This question is available to subscribers only! Question 10: This question is available to subscribers only!