All questions of Profit & Loss for Class 6 Exam

Understanding Profit and Loss
When Mr. Lal sells an item, we can determine whether he made a profit or a loss by comparing the selling price with the cost price.
Cost Price (CP)
- The cost price is the amount Mr. Lal paid for the refrigerator.
- In this case, the cost price is 32,645.
Selling Price (SP)
- The selling price is the amount Mr. Lal received from selling the refrigerator.
- Here, the selling price is 35,000.
Calculating Profit
- To find out if Mr. Lal made a profit, we use the formula:
Profit = Selling Price – Cost Price
- Plugging in the values:
Profit = 35,000 – 32,645
Calculating the Amount
- Now, let's do the subtraction:
- 35,000 – 32,645 = 2,355
Conclusion
- Mr. Lal made a profit of 2,355 when he sold the refrigerator for 35,000 after buying it for 32,645.
- Therefore, the correct answer is option 'C': Profit of 2,355.
By understanding the cost and selling prices, we can easily determine Mr. Lal’s financial outcome from this transaction.

Understanding Cost Price and Selling Price
In any transaction, the Cost Price (CP) is the amount spent to purchase an item, while the Selling Price (SP) is the amount received from selling that item.
Given Values
- Cost Price (CP) = ₹90.15
- Selling Price (SP) = ₹89.25
Calculating Profit or Loss
To determine whether there is a profit or a loss, we can use the following formula:
- Profit/Loss = Selling Price - Cost Price
When you subtract the Selling Price from the Cost Price:
- Profit/Loss = ₹89.25 - ₹90.15
- Profit/Loss = -₹0.90
Interpreting the Result
- A negative result indicates a loss.
- Since the result is -₹0.90, this means there is a loss of ₹0.90.
Conclusion
In this case, since the Selling Price is lower than the Cost Price, the correct answer is:
- Loss of ₹0.90, which corresponds to option 'D'.
This clearly shows that when an item is sold for less than its purchase price, a loss occurs.

Understanding Profit and Loss
When Rohit bought the cycle for ₹4560 and sold it for ₹5130, we need to determine whether he made a profit or a loss by comparing the selling price to the cost price.
Cost Price (CP)
- Rohit purchased the cycle for ₹4560.
Selling Price (SP)
- He sold the cycle for ₹5130.
Calculating Profit or Loss
- To find out if there was a profit or loss, we use the formula:
Profit = Selling Price - Cost Price
Calculating the Profit
- Profit = ₹5130 - ₹4560
- Profit = ₹570
Conclusion
- Since the selling price (₹5130) is greater than the cost price (₹4560), Rohit made a profit.
- Therefore, Rohit made a profit of ₹570.
Final Answer
- The correct option is c) Profit of ₹570.
By understanding the concepts of cost price and selling price, we can easily determine whether a transaction results in profit or loss.

Understanding Profit and Loss
To determine whether the shopkeeper made a profit or a loss, we need to compare the cost price (CP) and the selling price (SP) of the pencils.
Cost Price and Selling Price
- Cost Price (CP): ₹25.50
- Selling Price (SP): ₹23.75
Calculating Profit or Loss
To find out if there is a profit or loss, we use the formula:
- Profit/Loss = Selling Price - Cost Price
Now, substituting the values:
- Profit/Loss = ₹23.75 - ₹25.50
Result of Calculation
- Profit/Loss = -₹1.75
Since the result is negative, it indicates a loss.
Conclusion
The shopkeeper sold the box of pencils for ₹23.75, which is less than the cost price of ₹25.50. Therefore:
- The shopkeeper incurred a loss of ₹1.75.
Final Answer
The correct option is d) Loss of ₹1.75.

Loss = CP - SP = ₹2560 - ₹2510 = ₹50.

Profit = SP - CP = ₹2000 - ₹1967 = ₹33.