# Worksheet on Calculating Selling Price and Cost Price

We will practice the questions given in the worksheet on calculating selling price and cost price.

1. A cycle was bought for $1225 and sold at a gain of$ 100. Find the Selling Price of the cycle.

2. A radio is bought at $550 and sold at a profit of$ 35 after spending $20 on its repairs. Find the Selling Price. 3. A refrigerator is sold at$ 10525 at a profit of $925. What was the Cost Price of the refrigerator? 4. A boom seller sold 50 books for$ 890.00 and earned a profit of $90.00. Find the Cost Price of 50 books. 5. Sam bought 100 bars of shop. He sold then all at a rate of$ 6.20 each and made a profit of $50. At what rate did he buy them? 6. Fill in the blanks: (i) If the Cost Price of an article is greater than the Selling Price, we have a _________. (ii) Selling Price = Cost Price - _________. (iii) Cost Price = Selling Price + _________. (iv) Cost Price + _________ = Selling Price (v) Selling Price + _________ = Cost Price 7. Ron bought a cycle for$ 800 and sold it at a loss of $160. What is his selling price? 8. Jack bought a car for$ 50,000. He spent $5000 on repairs. He sold the car at a profit of$ 5000. At what price did he sell the car?

9. Derek bought cloth for $800. He spent$ 200 for stitching a shirt. He sold the shirt for $1175. Find the profit. 10. The cost of a cycle is$ 950 and that of a scooter is $23,500. He sold them together for$ 25,000. Find his profit.

Answers for the worksheet on calculating selling price and cost price are below.

1. $1325 2.$ 605

3. $9600 4.$ 800

5. $5.70 per box 6. (i) Loss (ii) Loss (iii) Gain (iv) Gain (v) Loss 7.$ 640

8. $60,000 9.$ 175

10. \$ 550

Formulas of Profit and Loss.

Finding Profit or Loss

To find Cost Price or Selling Price when Profit or Loss is given.

Worksheet on Profit and Loss.