Percentage, Profit and Loss Class 7 Worksheet — Free PDF Download with Answers

Profit and loss is the chapter that connects school maths to the real world most directly. When a student walks past a shop with a $20\%$ discount sign, they should be able to calculate the saving instantly. That kind of mental maths comes only from repeated practice — not from clicking through an app, but from sitting with a pencil and solving problem after problem until the method becomes automatic.

A shopkeeper I know once told me he can spot the students who practise on paper. They know how to read a question about cost price and selling price without getting confused. The ones who rely only on apps often swap the two and end up with a profit percent calculated on the wrong base. That single habit, taught by repeated worksheet practice, is worth a dozen marks in the annual exam.

Worksheets also teach the layout of profit and loss solutions. Each question needs CP, SP, profit or loss, and the percentage calculated from them. Writing this out in a clear vertical list on paper is a habit that pays off on exam day. Markers want to see every step.

Word problems in this chapter are often long, with two or three numbers and a story. Students who practise on paper learn to underline the important numbers and ignore the distractors. App users tend to rush and pick the wrong numbers.

And of course, paper practice lets you write messy working. Trial calculations, crossed out attempts, estimates in the margin — all of that helps you think. Apps force neatness but discourage experimentation.

The worksheet covers every sub topic from the Class 7 chapter.

Sub topics:

* Percentage as a fraction and decimal
* Converting between fraction, decimal and percentage
* Finding percentage of a quantity
* Percentage increase and decrease
* Cost price, selling price, profit, loss
* Profit and loss percentage
* Marked price and discount
* Word problems

Level breakdown:

Total 60 questions with a complete answer key.

Revise these formulas first.

* Percentage of a quantity — $x\%$ of $N = \dfrac{x}{100} \times N$.
* Cost price (CP) — The price at which an item is bought.
* Selling price (SP) — The price at which the item is sold.
* Profit — $SP - CP$ when $SP > CP$.
* Loss — $CP - SP$ when $CP > SP$.
* Profit percentage — $\dfrac{\text{Profit}}{CP} \times 100\%$.
* Loss percentage — $\dfrac{\text{Loss}}{CP} \times 100\%$.
* Marked price (MP) — The price printed or tagged on the item.
* Discount — $MP - SP$.
* Discount percent — $\dfrac{\text{Discount}}{MP} \times 100\%$.

Quick tip: Profit and loss percentages are always calculated on the cost price, not on the selling price. Discount percentages are calculated on the marked price. Confusing these bases is the source of most errors.

Level 1 — Easy

1. Find $25\%$ of $200$.
Solution: $\dfrac{25}{100} \times 200 = 50$.

2. Convert $\dfrac{3}{4}$ to a percentage.
Solution: $\dfrac{3}{4} \times 100 = 75\%$.

3. If CP is Rs. 500 and SP is Rs. 600, what is the profit?
Solution: Profit $= 600 - 500 = 100$ rupees.

Level 2 — Medium

1. A book is bought for Rs. 200 and sold for Rs. 240. Find the profit percentage.
Solution: Profit $= 40$. Profit $\% = \dfrac{40}{200} \times 100 = 20\%$.

2. A shirt marked at Rs. 800 is sold at a discount of $15\%$. Find the selling price.
Solution: Discount $= \dfrac{15}{100} \times 800 = 120$. SP $= 800 - 120 = 680$ rupees.

3. If $30\%$ of a number is $45$, find the number.
Solution: Let the number be $x$. $\dfrac{30}{100} \times x = 45$, so $x = 150$.

Level 3 — Hard

1. A shopkeeper buys an article for Rs. 1200 and marks it $25\%$ above the cost price. He then gives a discount of $10\%$ on the marked price. Find the selling price and profit percentage.
Solution: MP $= 1200 + \dfrac{25}{100} \times 1200 = 1500$. Discount $= \dfrac{10}{100} \times 1500 = 150$. SP $= 1500 - 150 = 1350$. Profit $= 1350 - 1200 = 150$. Profit $\% = \dfrac{150}{1200} \times 100 = 12.5\%$.

2. On selling an item for Rs. 900, a loss of $10\%$ is incurred. Find the cost price.
Solution: SP is $90\%$ of CP. So $0.9 \times CP = 900$, giving $CP = 1000$ rupees.

3. A trader mixes two types of rice costing Rs. 50 per kg and Rs. 70 per kg in the ratio $2 : 3$. He sells the mixture at Rs. 75 per kg. Find his profit percentage.
Solution: Mixture cost $= \dfrac{2 \times 50 + 3 \times 70}{5} = \dfrac{100 + 210}{5} = 62$. SP is $75$. Profit $= 13$ per kg. Profit $\% = \dfrac{13}{62} \times 100 \approx 20.97\%$.

1. Print — A4 paper and pen.
2. Warm up — Convert five common percentages to decimals (like $20\%$, $25\%$, $50\%$).
3. Time yourself — 20 minutes for Level 1, 30 for Level 2, 40 for Level 3.
4. Check answers — Use the answer key.
5. Revise mistakes — Write out full CP, SP, profit or loss for every wrong answer.
6. Try again — Retry wrong questions next day.

Daily plan: 25 to 30 minutes per day for two weeks.

Weekly revision: Go through a newspaper or online shopping website and find ten discount offers. Calculate the actual saving for each one.

1. Using SP as the base for profit percent — The base for profit and loss percentage is always the cost price.

2. Confusing markup and discount — Markup is added to CP to get MP. Discount is subtracted from MP to get SP. Do not mix the two.

3. Forgetting to check profit or loss — Some students write a profit when the answer is actually a loss (or vice versa). Always compare CP and SP first.

4. Decimal errors in percentage — Writing $0.25$ as $25\%$ is correct, but $0.025$ is $2.5\%$, not $25\%$.

5. Unit confusion — Forgetting to write rupees in the final answer.

6. Working from SP instead of CP in reverse problems — When SP and loss percent are given, students use the SP as the base instead of finding the CP first.

CBSE (NCERT)
CBSE Class 7 covers percentage, profit and loss together in the Comparing Quantities chapter. Weightage is around 10 marks.

ICSE (Selina / ML Aggarwal)
ICSE has separate chapters for Percentage and for Profit Loss and Discount. Weightage is around 15 to 18 marks across these chapters combined. ICSE questions are typically longer and more involved.

IB MYP
IB MYP handles these concepts under Proportional Reasoning. The focus is on real world application rather than formula drills.

Download your free Class 7 Percentage, Profit and Loss worksheet:

* Percentage ICSE Worksheet
* Profit Loss and Discount ICSE Worksheet

Online practice:

* Percentage Online — ICSE
* Profit Loss Online — ICSE

* AI Maths Solver — Upload any profit loss problem for a step by step solution.
* Spark Coach — AI tutor with hints.
* Class 7 Maths Complete Guide
* All Worksheets Hub
* Class 7 Formulas

Week 1: Percentage basics

* Day 1: Revise percentage as a ratio.
* Day 2: Level 1 questions 1 to 10.
* Day 3: Level 1 questions 11 to 20.
* Day 4: Level 2 profit and loss questions.
* Day 5: Level 2 discount questions.
* Day 6: Redo wrong answers.
* Day 7: Rest.

Week 2: Applications

* Day 8: Level 3 multi step word problems.
* Day 9: Level 3 combined markup and discount.
* Day 10: Redo wrong Level 3 answers.
* Day 11: Real world practice — calculate discounts at a shop or website.
* Day 12: Mixed quiz.
* Day 13: Mock test (45 minutes).
* Day 14: Review.

* Class 7 Simple Interest Worksheet
* Class 7 Comparing Quantities Worksheet
* Class 7 Fractions and Decimals Worksheet
* Class 7 Data Handling Worksheet
* Class 7 Maths Complete Guide