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


Examples on Profit and Loss

We will learn how to solve different examples on profit and loss. We know, cost price is the price at which an article is purchased and selling price is the price at which an article is sold.


Solved examples:

1. John sold two digital cameras at $3,000 each. On one he gains 20% and on the other he loses 20%. What percent does he gain on the whole transaction?

Solution:

For the first digital camera:

Gain = 20%.

Let cost price (C.P.) = $100.

Therefore, selling price (S.P.) = $(100 + 20)

                                           = $120.

When selling price (S.P.) is $ 120, cost price (C.P.) is $100.

Therefore, when selling price (S.P.) is $300, cost price (C.P.)

= $100/120 × 300

= $(100 × 300)/120

= $30000/120

= $2,500.

Therefore, cost price (C.P.) of the first digital camera = $2,500.


For the second digital camera:

Loss = 20%

Let cost price (C.P.) = $100.

Therefore, selling price (S.P.) = $(100 - 20) = $80

When selling price (S.P.) is $80, the cost price (C.P.) is $100.

Therefore, when selling price (S.P.) is $300, the cost price (C.P.)

= $100/80 × 300

= $30000/80

= $3,750.

Therefore, cost price (C.P.) of the second digital camera = $3,750.

Thus, total cost price (C.P.) of two digital cameras = $2,500 + $3,750 = $6,250

Total selling price (S.P.) of two digital cameras = $(2 × 3,000) = $6,000.

Thus, cost price (C.P.) > selling price (S.P.) so, there is a loss

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

       = $6,250 - $6,000

       = $250.

Percentage loss = loss/cost price × 100

                      = 250/6250 × 100

                      = 25000/6250

                      = 4%

Therefore, John loses 4% on the whole transaction.


More examples on profit and loss:

2. Brad bought a laptop for $8,000 and spent $500 on its spares. He later sold it for $9,500. Find his gain or loss percent.

Solution:

Cost price includes the overhead expenses also.

Therefore, C.P. = $8,000 + $500 = $8,500

and S.P. = $9,500

Since, S.P. > C.P., there is a profit

Profit = S.P. - C.P.

        = $9,500 - $8500

        = $1,000

Profit percent = profit/(C.P.) × 100

                    = 1000/8500 × 100

                    = 200/17

                    = 11\(\frac{13}{17}\)%

Therefore, Brad’s gain percent is 11\(\frac{13}{17}\)%.

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 Examples on Profit and Loss 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. Calculating Profit Percent and Loss Percent | Profit and Loss Formulas

    Jun 12, 25 12:48 PM

    In calculating profit percent and loss percent we will learn about the basic concepts of profit and loss. We will recall facts and formula while calculating profit percent and loss percent. Now we wil

    Read More

  2. Word Problems on Profit and Loss Worksheet |Cost Price |Selling Price

    Jun 11, 25 04:26 PM

    Word Problems on Profit and Loss Worksheet
    In word problems on profit and loss worksheet you will get different types of problems on cost price and selling price, profit and loss, calculating profit o loss, calculating selling price and cost p…

    Read More

  3. Round off to Nearest 1000 |Rounding Numbers to Nearest Thousand| Rules

    Jun 11, 25 03:12 PM

    Round off to Nearest 1000
    Round off to nearest 1000 is discussed here. While rounding off to the nearest 1000, if the digit in the hundreds place is between 0 – 4 i.e., < 5, then the hundreds place is replaced by ‘0’. If the d…

    Read More

  4. Round off to Nearest 100 | Rounding Numbers To Nearest Hundred | Rules

    Jun 11, 25 03:13 AM

    Round off to Nearest 100
    While rounding off to the nearest hundred, if the digit in the tens place is between 0 – 4 i.e. < 5, then the tens place is replaced by ‘0’. If the digit in the units place is equal to or >5, then the…

    Read More

  5. Round off to Nearest 10 |How To Round off to Nearest 10?|Rounding Rule

    Jun 10, 25 05:36 PM

    Rounding to the Nearest 10
    Round off to nearest 10 is discussed here. Rounding can be done for every place-value of number. To round off a number to the nearest tens, we round off to the nearest multiple of ten. A large number…

    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