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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
22 Richa Bhardwaj