Profit and Loss

Unit-11

Class V

1 Richa Bhardwaj

In a market, there are few

members without whom a

market scene can not be

complete.

Lets see who they are???

2 Richa Bhardwaj

3 Richa Bhardwaj

Terms to remember:

Cost price is the price at which the

shopkeeper (retailer) purchases the

items/goods/commodity from the

whole seller. [CP]

Selling Price is the price at which the

shopkeeper sell the

item/good/commodity to the

customer.[SP]

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We note that:

a)If CP > SP, we have a loss

And, Loss = CP-SP

b) If SP>CP, we have a profit/gain

And, profit=SP-CP.

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Worksheet-1

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Q2 (b) If cost price of a doll is Rs 195 and

selling price is Rs 181.50, find the profit or

loss.

Solution: Cost price of the doll = Rs 195

Selling price of the doll = Rs 181.50

CP>SP => we have a loss

And, loss = CP-SP

= Rs 195-181.50

= Rs 13.50.

So, there is a loss of Rs 13.50.

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Q2 (c) The cost price of a pen is Rs 19 and

the selling price is Rs 24. Is there a gain or

loss? How much?

Solution: Cost price of the pen = Rs 19

Selling price of the pen = Rs 24.

SP>CP => we have a profit

And, Profit = SP-CP

= Rs 24-19

=Rs 5

So, there is a profit of Rs 5. 8 Richa Bhardwaj

Q2 (d) The cost price of a washing machine is

Rs 12,450. If the selling price is Rs 12,075, what

is the gain or loss?

Solution:

The cost price of washing machine= Rs 12,450

Selling price of the machine= Rs 12,075

CP>SP => we have a loss

And, loss = CP-SP

= Rs 12,450-12075

= Rs 375

So, there is a loss of Rs 375.. 9 Richa Bhardwaj

Worksheet-2

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Q1 (a) A vegetable seller bought potatoes for Rs

200. He spent Rs 20 on transport and then sold

them for Rs 290. Find the profit or loss.

Solution: Cost of potatoes = Rs 200

Money spent on transport = Rs 20

Total money spent by seller = Rs 200+20

= Rs 220

Selling price of potatoes = Rs 290

SP>CP => we have a profit

And, Profit = SP-CP

= Rs 290-220

=Rs 70

So, there is a profit of Rs 70.

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Q2 (c) Ramlal purchased a plot for Rs 1,35,000. He constructed a

boundary wall around it which costed him Rs 25,500. If he sold the

plot for Rs 1,90,500, find the gain or loss.

Solution:

Cost of the plot = Rs1,35,000

Money spent on boundary = Rs25,500

Total money spent on plot = Rs1,35,000+25,500

=Rs 1,60,500

Selling price of plot =Rs 1,90,500

SP>CP => we have a gain

And gain=SP-CP

= Rs 1,90,500-1,60,500

=Rs 30,000

So, there is a gain of Rs 30,000.

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Q2 (e) A property dealer purchased a house for Rs

1,50,000. he spent Rs 15,000 on repairing the house. After

six months, he sold the house for Rs 2,15,000. find the gain

or loss made by property dealer.

Solution: Cost of the plot = Rs 1,50,000

Money spent on repair = Rs 15,000

Total money spent = Rs 1,50,000+ 15,000

= Rs 1,65,000

Selling price of the plot = Rs 2,15,000

SP> CP => there is a profit

And Profit = SP-CP

= Rs 2,15,000-1,65,000

= Rs 50,000

So, there is a profit of Rs 50,000 13 Richa Bhardwaj

Determining selling price

If profit is given,

Selling price = cost price + profit

If loss is given,

Selling price = cost price - loss

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Worksheet-3

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Q2 (b) A watchmaker bought an old watch for Rs 420

and spent Rs 85 on its repair. Later he sold the watch

at a gain of Rs 60, find the selling price of the watch.

Ans: cost of the watch = Rs 420

Money spent on repair = Rs 85

Total money spent on watch = Rs 420+85

=Rs 505

Profit on sale = Rs 60

Selling price = cost price + profit

= Rs 505+60

=Rs 565

So, the selling price of the watch is Rs 565.

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Q2 (c) Rahul purchased a story book for Rs

225. after reading it he sold it to his friend at a

loss of Rs 120. Find the amount paid by his

friend for the book.

Ans: Cost price of the book= Rs 225

Loss on the sale of book= Rs 120

Selling price = cost price –loss

= Rs 225-120

= Rs 105

So the amount paid by Rahul’s friend for

the book is Rs 105. 17 Richa Bhardwaj

Determining cost price

If profit is given,

cost price = selling price - profit

If loss is given,

cost price = selling price + loss

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Worksheet-4

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Q2 (b) A merchant sold a fan for Rs 1,250

at a loss of Rs 200. find the cost price of

the fan.

Ans: selling price of the fan = Rs 1,250

Loss on sale = Rs 200

Cost price = selling price + loss

= Rs 1,250 + 200

= Rs 1,450

So, the cost price of the fan is Rs 1,450.

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Q2 (c) Mr Goel sold a scooter for Rs 6200.

if he had made a profit of Rs 1,050 on the

scooter, find the cost price of the scooter.

Ans:

selling price of the scooter = Rs 6,200

Profit on sale = Rs 1,050

Cost price = selling price – profit

= Rs 6,200 – 1,050

= Rs 5,150

So the cost price of the scooter is Rs 5,150.

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Thank You

Richa Bhardwaj

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