Calculate Profit and Selling Price

We will learn how to calculate profit and selling price of an article. We know, selling price is the price at which an article is sold and the seller makes a profit when the selling price is more than the cost price.


Solved examples:

1. A vendor sold 600 quintals of wheat at a gain of 7%. If one quintal of wheat cost him $ 250 and his total overhead charges for transportation, etc., were $ 1,000, find his total profit and the selling price of 600 quintals of wheat.

Solution:

Cost of one quintal of wheat = $250

Therefore, cost of 600 quintals of wheat = $250 × $600 = $150,000.

Overhead charges = $ 1,000.

Hence, cost price (C.P.) = $150,000 + $1,000 = $151,000.

gain = 7%

Net profit = 7% of $151000

              = $7/100 × 151,000

              = $1057000/100

              = $10,570

Selling price (S.P.) = cost price (C.P.) + gain

                         = $(151,000 + 10,570)

                         = $161,570.

Therefore, total gain is $10,570 and the selling price is $ 161,570.


2. Mike bought a laptop for $5000 and sold it at a profit of 105. Find the profit and the selling price of the laptop.

Solution:

Given, C.P. of a laptop = $5000 and profit% of it = 10%

Therefore, profit = profit% of C.P.; (we know, profit is always calculated on C.P.)

                       = 10% × $5000

                       = (10/100) × $5000

                       = $500

And, S.P. = C.P. + profit

             = $5000 + $500

             = $5500

Therefore, profit is $500 and the selling price is $5500.

Profit And Loss

To find Profit or Loss when Cost Price and Selling Price are Given

To find Selling Price when Cost Price and Profit or Loss are Given

To find Cost Price when Selling Price and Profit or Loss are Given

Examples on Profit and Loss

Calculate Profit Percent

Calculate Loss Percent

Calculate Profit or Loss Percent

Calculate Profit and Selling Price

Calculate Loss and Selling Price

Overhead Charges

Discount and Discount Percent





6th Grade Math Practice

From Calculate Profit and Selling Price to HOME PAGE


New! Comments

Have your say about what you just read! Leave me a comment in the box below. Ask a Question or Answer a Question.



Didn't find what you were looking for? Or want to know more information about Math Only Math. Use this Google Search to find what you need.



Share this page: What’s this?

Recent Articles

  1. Multiplication of a Number by a 3-Digit Number |3-Digit Multiplication

    Mar 28, 24 06:33 PM

    Multiplying by 3-Digit Number
    In multiplication of a number by a 3-digit number are explained here step by step. Consider the following examples on multiplication of a number by a 3-digit number: 1. Find the product of 36 × 137

    Read More

  2. Multiply a Number by a 2-Digit Number | Multiplying 2-Digit by 2-Digit

    Mar 27, 24 05:21 PM

    Multiply 2-Digit Numbers by a 2-Digit Numbers
    How to multiply a number by a 2-digit number? We shall revise here to multiply 2-digit and 3-digit numbers by a 2-digit number (multiplier) as well as learn another procedure for the multiplication of…

    Read More

  3. Multiplication by 1-digit Number | Multiplying 1-Digit by 4-Digit

    Mar 26, 24 04:14 PM

    Multiplication by 1-digit Number
    How to Multiply by a 1-Digit Number We will learn how to multiply any number by a one-digit number. Multiply 2154 and 4. Solution: Step I: Arrange the numbers vertically. Step II: First multiply the d…

    Read More

  4. Multiplying 3-Digit Number by 1-Digit Number | Three-Digit Multiplicat

    Mar 25, 24 05:36 PM

    Multiplying 3-Digit Number by 1-Digit Number
    Here we will learn multiplying 3-digit number by 1-digit number. In two different ways we will learn to multiply a two-digit number by a one-digit number. 1. Multiply 201 by 3 Step I: Arrange the numb…

    Read More

  5. Multiplying 2-Digit Number by 1-Digit Number | Multiply Two-Digit Numb

    Mar 25, 24 04:18 PM

    Multiplying 2-Digit Number by 1-Digit Number
    Here we will learn multiplying 2-digit number by 1-digit number. In two different ways we will learn to multiply a two-digit number by a one-digit number. Examples of multiplying 2-digit number by

    Read More

Profit And Loss - Worksheets

Worksheet on Calculating Profit or Loss

Worksheet on Calculating Cost Price

Worksheet on Calculating Selling Price

Worksheet on Cost Price and Selling Price

Worksheet on Calculating Profit or Loss Percent

Worksheet on Profit or Loss Percent

Worksheet on Calculating Overhead Charges

Worksheet on Calculating Discount

Worksheet on Discount Percent

Worksheet on Calculating Discount on Marked Price