Subscribe to our YouTube channel for the latest videos, updates, and tips.


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




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.



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.




Share this page: What’s this?

Recent Articles

  1. Average Word Problems | Worksheet on Average Questions with Answers

    May 20, 25 05:40 PM

    In average word problems we will solve different types of problems on basic concept of average. 1. Richard scored 80, 53, 19, 77, 29 and 96 runs in 6 innings in a series. Find the average runs scored…

    Read More

  2. Worksheet on Average | Word Problem on Average | Questions on Average

    May 19, 25 02:53 PM

    Worksheet on Average
    In worksheet on average we will solve different types of questions on the concept of average, calculating the average of the given quantities and application of average in different problems.

    Read More

  3. 8 Times Table | Multiplication Table of 8 | Read Eight Times Table

    May 18, 25 04:33 PM

    Printable eight times table
    In 8 times table we will memorize the multiplication table. Printable multiplication table is also available for the homeschoolers. 8 × 0 = 0 8 × 1 = 8 8 × 2 = 16 8 × 3 = 24 8 × 4 = 32 8 × 5 = 40

    Read More

  4. How to Find the Average in Math? | What Does Average Mean? |Definition

    May 17, 25 04:04 PM

    Average 2
    Average means a number which is between the largest and the smallest number. Average can be calculated only for similar quantities and not for dissimilar quantities.

    Read More

  5. Problems Based on Average | Word Problems |Calculating Arithmetic Mean

    May 17, 25 03:47 PM

    Here we will learn to solve the three important types of word problems based on average. The questions are mainly based on average or mean, weighted average and average speed.

    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