Doc: Worksheet Solution: Profit & Loss | Mathematics for Class 5 PDF Download

Q1: How to find Profit and loss?
Ans: Profit = SP-CP, Loss=CP-SP, where SP = Selling Price and CP= Cost Price
Q2: What is C.P?
Ans: The price paid by the shopkeeper to buy the goods from manufacturer is called CP (cost price)
Q3: How to find C.P?
Ans: In case of profit, CP=SP – profit and in case of loss CP = Loss + SP
Q4: How to find S.P?
Ans: In case of profit, SP=CP +profit and in case of loss SP = CP – Loss
Q5: Find the Profit  or Loss –
(i) S.P=600, C.P=398
Ans: Profit = SP-CP = 600-398 = 202
(ii) S.P=998, C.P=789
Ans: Profit = SP-CP = 998-789 = 209
(iii) S.P= 11300, C.P=11300
Ans: Neither profit nor loss as SP and CP are the same.

Q6: Find the profit or loss percentage:
(i) C.p = 700, s.p = 459
Ans: C.p = 700, SP = 459,
loss = ((CP-SP)/CP) X100 = 34.43%
(ii) C.p = 1999, s.p = 1990
Ans: C.p = 1999, s.p = 1990,
loss = ((CP-SP)/CP) X100 = 0.45%
(iii) C.p = 2890, s.p = 2900
Ans: C.p = 2890, s.p = 2900 ,
profit = ((SP-CP)/CP)*100 = 0.346%
(iv) C.p = 6392, s.p = 7392
Ans: C.p = 6392, s.p = 7392 ,
profit = ((SP-CP)/CP)*100 = 15.64%
(v) C.p = 6382, s.p = 2638
Ans: C.p = 6382, s.p = 2638 ,
loss = ((CP-SP)/CP) X100 = 58.66%

Q7: Ram bought a scooter worth rupees 19000, spent 6000 on repair. Then he sold the scooter at rupees 26000. How much he gain or loss(in percent)?
Ans: Gain = 26000 - (19000 + 6000)
Gain percent = ((SP-CP)/CP) X100 = 4%

Q8: Nidhi bought 19 pens at rupees 11/piece, and sells at rupees 13/piece. Find her the percent of loss or profit.
Ans: Gain percent = ((SP-CP)/CP) X100=18.18%

Q9: Ronny bought a mirror at rupees 900, and sells at 1900. Find the percent of profit.
Ans: The percent of profit = 111.11%
This can be calculated as follows:
((1900 - 900)/900) * 100 = 111.11%

Q10: Ram and Rimi bought 4 chocolates each at rupees 900 each. If Ram only sells his chocolate at the price of 1100 each. Then find their percent of  profit.

Ans: Price of 4 chocolates = 4X900 = 3600
SP = 4X1100 = 4400
profit percent = 22.22%

Q11: Rakesh bought a car worth rupees 450000 and sell it at rupees 505000. Find his percent of profit and loss.
Ans: His percent of profit = 12.22%
This can be calculated in a similar way to Q9
SP = 505000
CP = 45000
Gain = 505000 - 45000 = 5500

Q12: Ram bought a scooter worth rupees 19800, spent 6000 on repair. Then he sold the scooter at rupees 22000. How much he gain or loss (in percent)?
Ans: Loss (in percent) = 14.73%
Total Cost: 25800
Loss = 3800
Loss% = (3800/35800)*100 = 14.73%

Q13: Nidhi bought 19 pens at rupees 19/piece, and sells at rupees 13/piece. Find her the percent of loss or profit.
Ans: percent of loss = 31.58%
Loss = 6/piece
Loss % = (6/19) * 100 = 31.58%
Q14: Ronny bought a mirror at rupees 800, and sells at 1100. Find the percent of profit.
Ans: The percent of profit= 37.5%
Profit = 300
Profit % = (300/800)*100 = 37.5%
Q15: Ram and Rimi bought 4 chocolates each at rupees 900 each. If Ram only sells his chocolate at the price of 1300 e. Then find their percent of  profit.
Ans: Price of 4 chocolates = 4X900 = 3600,
Sp = 4X1300 = 5200
profit percent = 44.44%

Q16: Rakesh bought a car worth rupees 4508000 and sell it at rupees 5058000. Find his percent of profit and loss.
Ans: percent of profit = 12.2%
Net profit = SP - CP = 550000
Profit Percentage = ((SP - CP)/CP)*100 = 12.2%