# Worksheet on Profit or Loss Problems

Practice the questions given in the worksheet on profit or loss problems. We know profit and loss depends on the C.P. and S.P. of an article.

Profit = selling price (S.P.) - cost price (C.P.)

Loss = cost price (C.P.) - selling price (S.P.)

1. Articles bought at 5 for $4 are sold at 4 for$5; find

(ii) the selling-price of one article

(iii) the profit or the loss made by selling one article

(iv) the profit or the loss as percent made by selling one article

(vi) the selling price of 20 articles

(vii) the profit or the loss made by selling all the 20 articles

(viii) the profit or the loss as percent made by selling all the 20 articles

(ix) whether answers of part (iv) and the part (viii) are the same or not.

2. Six articles are bought for $5 and all are sold for$1 each. Find:

(i) the cost price of each article

(ii) the profit or the loss made by selling one article

(iii) the profit percent made by selling one article

(iv) the selling price of all six articles

(v) the profit or the loss made by selling all the six articles

(vi) the profit percent made by selling all the six articles

(vii) whether the answers of part (iii) and part (vi) are the same or not

3. Six oranges are bought at 3 for $2 and sold at 2 for$3. Find:

(i) the cost price of 6 oranges

(ii) the selling price of 6 oranges

(iii) the profit or the loss on the whole

(iv) the percentage profit or loss made on the whole.

4. A shopkeeper buys 8 articles for $50. He is able to sell 6 articles for$8 each and the remaining 2 articles for $6 each, find: (i) total selling price of all the articles (ii) the profit or the loss on the whole (iii) the percentage profit or the percentage loss on the whole. 5. Davis buys an article for$1300 and sells it at a loss of 10%. He again buys some other article for $1200 and sells it at a gain of 25%. Find: (i) the selling price of the first article. (ii) the selling price of the second article. (iii) the total selling-price of both the articles. (iv) the total cost-price of both the articles. (v) the profit or the loss made on the whole. (vi) the profit or the loss as percent on the whole. 6. A trader bought 20 articles for$20 each. He is able to sell 16 articles at $25 each and the remaining 4 articles at$15 each. Find:

(i) the total cost price of all the articles

(ii) the total selling price of all the articles

(iii) the profit or the loss made on the whole

(iv) the profit or the loss as percent on the whole.

Answers for the worksheet on profit or loss problems are given below to check the exact answers of the above questions on gain and loss.

1. (ii) $1.25 (iii) Profit =$0.45

(iv) 56.25% profit

(vi) $25 (vii) Profit =$9

(viii) 56.25% profit

(ix) Yes; both the answers are same

2. (i) $5/6 (ii) profit =$1/6

(iii) 20%

(iv) $6 (v) profit =$1

(vi) 20%

(vii) Yes whether we find profit% or loss% on selling one article or on selling all the articles; the profit% or loss% will always remain the same.

3. (i) $4 (ii)$9

(iii) profit = $5 (iv) 125% profit 4. (i)$60

(ii) profit = $10 (iii) 20% profit 5. (i)$1170

(ii) $1500 (iii)$2670

(iv) $2500 (v) Profit =$170

(vi) 6.8% profit

6. (i) $400 (ii)$460

(iii) profit = \$60

(iv) 15% profit

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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

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