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Page 1 Chapter 13: Profit – Loss PRACTICE SET 31 [PAGE 67] Practice Set 31 | Q 1.1 | Page 67 The cost price and selling price are given in the following table. Find out whether there was a profit or a loss and how much it was. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 4500 5000 SOLUTION Cost price = Rs 4500; Selling price = Rs 5000 Here selling price is more than cost price, so there is a profit. Profit = Selling price - Cost price = 5000 - 4500 = Rs 500 Hence, there is a profit of Rs 500. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 4500 5000 Profit Rs. 500 Practice Set 31 | Q 1.2 | Page 67 The cost price and selling price are given in the following table. Find out whether there was a profit or a loss and how much it was. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 4100 4090 SOLUTION Cost price = Rs 4100; Selling price = Rs 4090 Here selling price is less than cost price, so there is a loss. Page 2 Chapter 13: Profit – Loss PRACTICE SET 31 [PAGE 67] Practice Set 31 | Q 1.1 | Page 67 The cost price and selling price are given in the following table. Find out whether there was a profit or a loss and how much it was. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 4500 5000 SOLUTION Cost price = Rs 4500; Selling price = Rs 5000 Here selling price is more than cost price, so there is a profit. Profit = Selling price - Cost price = 5000 - 4500 = Rs 500 Hence, there is a profit of Rs 500. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 4500 5000 Profit Rs. 500 Practice Set 31 | Q 1.2 | Page 67 The cost price and selling price are given in the following table. Find out whether there was a profit or a loss and how much it was. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 4100 4090 SOLUTION Cost price = Rs 4100; Selling price = Rs 4090 Here selling price is less than cost price, so there is a loss. Loss = Cost price - Selling price = 4100 - 4090 = Rs 10 Hence, there is a loss of Rs 10. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 4100 4090 Loss Rs. 10 Practice Set 31 | Q 1.3 | Page 67 The cost price and selling price are given in the following table. Find out whether there was a profit or a loss and how much it was. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 700 799 SOLUTION Cost price = Rs 700; Selling price = Rs 799 Here selling price is more than cost price, so there is a profit. Profit = Selling price - Cost price = 799 - 700 = Rs 99 Hence, there is a profit of Rs 99. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 700 799 Profit Rs. 99 Practice Set 31 | Q 1.4 | Page 67 The cost price and selling price are given in the following table. Find out whether there was a profit or a loss and how much it was. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? Page 3 Chapter 13: Profit – Loss PRACTICE SET 31 [PAGE 67] Practice Set 31 | Q 1.1 | Page 67 The cost price and selling price are given in the following table. Find out whether there was a profit or a loss and how much it was. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 4500 5000 SOLUTION Cost price = Rs 4500; Selling price = Rs 5000 Here selling price is more than cost price, so there is a profit. Profit = Selling price - Cost price = 5000 - 4500 = Rs 500 Hence, there is a profit of Rs 500. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 4500 5000 Profit Rs. 500 Practice Set 31 | Q 1.2 | Page 67 The cost price and selling price are given in the following table. Find out whether there was a profit or a loss and how much it was. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 4100 4090 SOLUTION Cost price = Rs 4100; Selling price = Rs 4090 Here selling price is less than cost price, so there is a loss. Loss = Cost price - Selling price = 4100 - 4090 = Rs 10 Hence, there is a loss of Rs 10. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 4100 4090 Loss Rs. 10 Practice Set 31 | Q 1.3 | Page 67 The cost price and selling price are given in the following table. Find out whether there was a profit or a loss and how much it was. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 700 799 SOLUTION Cost price = Rs 700; Selling price = Rs 799 Here selling price is more than cost price, so there is a profit. Profit = Selling price - Cost price = 799 - 700 = Rs 99 Hence, there is a profit of Rs 99. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 700 799 Profit Rs. 99 Practice Set 31 | Q 1.4 | Page 67 The cost price and selling price are given in the following table. Find out whether there was a profit or a loss and how much it was. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 1000 920 SOLUTION Cost price = Rs 1000; Selling price = Rs 920 Here selling price is less than cost price, so there is a loss. Loss = Cost price - Selling price = 1000 - 920 = Rs 80 Hence, there is a loss of Rs 80. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 1000 920 Loss Rs. 80 Practice Set 31 | Q 2 | Page 67 A shopkeeper bought a bicycle for Rs 3000 and sold the same for Rs 3400. How much was his profit? SOLUTION Cost price of bicycle = Rs 3000 Selling price of bicycle = Rs 3400 Since selling price > cost price, so there is a profit. Profit = Selling price - Cost price = 3400 - 3000 = Rs 400 ? The shopkeeper made a profit of Rs 400 in this transaction. Practice Set 31 | Q 3 | Page 67 Sunandabai bought milk for Rs 475. She converted it into yoghurt and sold it for Rs 700. How much profit did she make? SOLUTION Cost price = Rs 475; Selling price = Rs 700 Since selling price is more than cost price, so there is a profit. Profit = Selling price - Cost price = 700 - 475 Page 4 Chapter 13: Profit – Loss PRACTICE SET 31 [PAGE 67] Practice Set 31 | Q 1.1 | Page 67 The cost price and selling price are given in the following table. Find out whether there was a profit or a loss and how much it was. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 4500 5000 SOLUTION Cost price = Rs 4500; Selling price = Rs 5000 Here selling price is more than cost price, so there is a profit. Profit = Selling price - Cost price = 5000 - 4500 = Rs 500 Hence, there is a profit of Rs 500. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 4500 5000 Profit Rs. 500 Practice Set 31 | Q 1.2 | Page 67 The cost price and selling price are given in the following table. Find out whether there was a profit or a loss and how much it was. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 4100 4090 SOLUTION Cost price = Rs 4100; Selling price = Rs 4090 Here selling price is less than cost price, so there is a loss. Loss = Cost price - Selling price = 4100 - 4090 = Rs 10 Hence, there is a loss of Rs 10. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 4100 4090 Loss Rs. 10 Practice Set 31 | Q 1.3 | Page 67 The cost price and selling price are given in the following table. Find out whether there was a profit or a loss and how much it was. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 700 799 SOLUTION Cost price = Rs 700; Selling price = Rs 799 Here selling price is more than cost price, so there is a profit. Profit = Selling price - Cost price = 799 - 700 = Rs 99 Hence, there is a profit of Rs 99. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 700 799 Profit Rs. 99 Practice Set 31 | Q 1.4 | Page 67 The cost price and selling price are given in the following table. Find out whether there was a profit or a loss and how much it was. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 1000 920 SOLUTION Cost price = Rs 1000; Selling price = Rs 920 Here selling price is less than cost price, so there is a loss. Loss = Cost price - Selling price = 1000 - 920 = Rs 80 Hence, there is a loss of Rs 80. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 1000 920 Loss Rs. 80 Practice Set 31 | Q 2 | Page 67 A shopkeeper bought a bicycle for Rs 3000 and sold the same for Rs 3400. How much was his profit? SOLUTION Cost price of bicycle = Rs 3000 Selling price of bicycle = Rs 3400 Since selling price > cost price, so there is a profit. Profit = Selling price - Cost price = 3400 - 3000 = Rs 400 ? The shopkeeper made a profit of Rs 400 in this transaction. Practice Set 31 | Q 3 | Page 67 Sunandabai bought milk for Rs 475. She converted it into yoghurt and sold it for Rs 700. How much profit did she make? SOLUTION Cost price = Rs 475; Selling price = Rs 700 Since selling price is more than cost price, so there is a profit. Profit = Selling price - Cost price = 700 - 475 = Rs 225 ? Sunandabai made a profit of Rs 225 in this transaction. Practice Set 31 | Q 4 | Page 67 The Jijamata Women’s Saving Group bought raw materials worth Rs 15000 for making chakalis. They sold the chakalis for 22050 rupees. How much profit did the WSG make? SOLUTION Cost price of raw material for making chakalis = Rs 15000 Selling price of chakalis = Rs 22050 Since selling price is more than cost price, so there is a profit. Profit = Selling price - Cost price = 22050 - 15000 = Rs 7050 ? WSG made a profit of Rs 7050 in this transaction. Practice Set 31 | Q 5 | Page 67 Pramod bought 100 bunches of methi greens for Rs 400. In a sudden downpour, 30 of the bunches on his handcart got spoilt. He sold the rest at the rate of Rs 5 each. Did he make a profit or a loss? How much? SOLUTION Cost price of 100 bunches of methi greens = Rs 400 Number of bunches of methi greens spoilt = 30 ? Number of bunches left = 100 - 30 = 70 Selling price of 1 bunch of methi greens = Rs 5 So, selling price of 70 bunches of methi greens = 5 × 70 = Rs 350 Since selling price is less than cost price, so there is a loss. Loss = Cost price - Selling price = 400 - 350 = Rs 50 Hence, Pramod suffered a loss of Rs 50 in this transaction. Page 5 Chapter 13: Profit – Loss PRACTICE SET 31 [PAGE 67] Practice Set 31 | Q 1.1 | Page 67 The cost price and selling price are given in the following table. Find out whether there was a profit or a loss and how much it was. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 4500 5000 SOLUTION Cost price = Rs 4500; Selling price = Rs 5000 Here selling price is more than cost price, so there is a profit. Profit = Selling price - Cost price = 5000 - 4500 = Rs 500 Hence, there is a profit of Rs 500. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 4500 5000 Profit Rs. 500 Practice Set 31 | Q 1.2 | Page 67 The cost price and selling price are given in the following table. Find out whether there was a profit or a loss and how much it was. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 4100 4090 SOLUTION Cost price = Rs 4100; Selling price = Rs 4090 Here selling price is less than cost price, so there is a loss. Loss = Cost price - Selling price = 4100 - 4090 = Rs 10 Hence, there is a loss of Rs 10. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 4100 4090 Loss Rs. 10 Practice Set 31 | Q 1.3 | Page 67 The cost price and selling price are given in the following table. Find out whether there was a profit or a loss and how much it was. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 700 799 SOLUTION Cost price = Rs 700; Selling price = Rs 799 Here selling price is more than cost price, so there is a profit. Profit = Selling price - Cost price = 799 - 700 = Rs 99 Hence, there is a profit of Rs 99. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 700 799 Profit Rs. 99 Practice Set 31 | Q 1.4 | Page 67 The cost price and selling price are given in the following table. Find out whether there was a profit or a loss and how much it was. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 1000 920 SOLUTION Cost price = Rs 1000; Selling price = Rs 920 Here selling price is less than cost price, so there is a loss. Loss = Cost price - Selling price = 1000 - 920 = Rs 80 Hence, there is a loss of Rs 80. Cost Price (in Rs.) Selling Price (in Rs) Profit or Loss How much? 1000 920 Loss Rs. 80 Practice Set 31 | Q 2 | Page 67 A shopkeeper bought a bicycle for Rs 3000 and sold the same for Rs 3400. How much was his profit? SOLUTION Cost price of bicycle = Rs 3000 Selling price of bicycle = Rs 3400 Since selling price > cost price, so there is a profit. Profit = Selling price - Cost price = 3400 - 3000 = Rs 400 ? The shopkeeper made a profit of Rs 400 in this transaction. Practice Set 31 | Q 3 | Page 67 Sunandabai bought milk for Rs 475. She converted it into yoghurt and sold it for Rs 700. How much profit did she make? SOLUTION Cost price = Rs 475; Selling price = Rs 700 Since selling price is more than cost price, so there is a profit. Profit = Selling price - Cost price = 700 - 475 = Rs 225 ? Sunandabai made a profit of Rs 225 in this transaction. Practice Set 31 | Q 4 | Page 67 The Jijamata Women’s Saving Group bought raw materials worth Rs 15000 for making chakalis. They sold the chakalis for 22050 rupees. How much profit did the WSG make? SOLUTION Cost price of raw material for making chakalis = Rs 15000 Selling price of chakalis = Rs 22050 Since selling price is more than cost price, so there is a profit. Profit = Selling price - Cost price = 22050 - 15000 = Rs 7050 ? WSG made a profit of Rs 7050 in this transaction. Practice Set 31 | Q 5 | Page 67 Pramod bought 100 bunches of methi greens for Rs 400. In a sudden downpour, 30 of the bunches on his handcart got spoilt. He sold the rest at the rate of Rs 5 each. Did he make a profit or a loss? How much? SOLUTION Cost price of 100 bunches of methi greens = Rs 400 Number of bunches of methi greens spoilt = 30 ? Number of bunches left = 100 - 30 = 70 Selling price of 1 bunch of methi greens = Rs 5 So, selling price of 70 bunches of methi greens = 5 × 70 = Rs 350 Since selling price is less than cost price, so there is a loss. Loss = Cost price - Selling price = 400 - 350 = Rs 50 Hence, Pramod suffered a loss of Rs 50 in this transaction. Practice Set 31 | Q 6 | Page 67 Sharad bought one quintal of onions for Rs 2000. Later he sold them all at the rate of Rs 18 per kg. Did he make a profit or incurs a loss? How much was it? SOLUTION Cost price of 1 quintal of onions = Rs 2000 We know that, 1 quintal = 100 kg. Selling price of 1 kg of onions = Rs 18 ? Selling price of 100 kg (or 1 quintal) of onions = 18 × 100 = Rs 1800 Since selling price is less than cost price, so there is a loss. Loss = Cost price - Selling price = 2000 - 1800 = Rs 200 Hence, Sharad incurred a loss of Rs 200 in this transaction. Practice Set 31 | Q 7 | Page 67 Kantabai bought 25 saris from a wholesale merchant for Rs 10000 and sold them all at Rs 460 each. How much profit did Kantabai get in this transaction? SOLUTION Cost price of 25 saris = Rs 10000 Selling price of 1 sari = Rs 460 ? Selling price of 25 saris = 25 × 460 = Rs 11500 Since selling price is more than cost price, so there is a profit. Profit = Selling price - Cost price = 11500 - 10000 = Rs 1500 Hence, Kantabai made a profit of Rs 1500 in this transaction. PRACTICE SET 32 [PAGE 69] Practice Set 32 | Q 1 | Page 69 From a wholesaler, Santosh bought 400 eggs for Rs 1500 and spent Rs 300 on transport. 50 eggs fell down and broke. He sold the rest at Rs 5 each. Did he make a profit or a loss? 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FAQs on Textbook Solutions: Profit & Loss - Mathematics Class 6 (Maharashtra Board)
| 1. What is the basic concept of profit and loss? |  |
Ans. The basic concept of profit and loss revolves around the financial gain or loss experienced from buying and selling goods or services. Profit is the amount earned when the selling price of an item is greater than its cost price, while loss occurs when the selling price is less than the cost price.
| 2. How do you calculate profit and loss? | |
Ans. To calculate profit, subtract the cost price from the selling price: Profit = Selling Price - Cost Price. For loss, the calculation is similar: Loss = Cost Price - Selling Price. This helps in determining how much money was gained or lost in a transaction.
| 3. What are some examples of profit and loss in real life? | |
Ans. Real-life examples of profit and loss include a shopkeeper selling a product for more than its purchase price (profit) or a farmer selling crops for less than the cost of seeds and maintenance (loss). These scenarios illustrate how businesses manage their finances based on profit and loss calculations.
| 4. Why is understanding profit and loss important for businesses? | |
Ans. Understanding profit and loss is crucial for businesses as it helps in making informed decisions regarding pricing, budgeting, and financial planning. It allows business owners to evaluate their performance, adjust strategies, and ensure long-term sustainability.
| 5. Can profit and loss concepts be applied to personal finance? | |
Ans. Yes, the concepts of profit and loss can be applied to personal finance. Individuals can use these principles to manage their income and expenses, evaluate investments, and make informed financial decisions to maximize savings and minimize losses.
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Sep 23, 2025
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