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

To find cost price or selling price when profit or loss is given are discussed here.

For example:

1. Maria sold a bicycle for $ 24900 at a profit of $ 600. Find the price at which she bought it.

Solution:

Selling Price = $ 24900

Profit = $ 600

Cost Price = Selling Price – Profit

Cost Price = 24900 – 600 

= $ 24300

Therefore, Maria bought it at $ 24300.

Answer: $ 24300

2. Ron has a cycle worth $ 1800 and he wants to sell it at a profit of $ 220. What should cycles selling price be?

Solution:

Cost Price = $ 1800

Profit = $ 220

Selling Price = Cost Price + Profit

Selling Price = 1800 + 220

= $ 2020

Selling price of the cycle = $ 2020

Answers: $ 2020

3. Diane sold a book worth $ 850 at a loss of $ 180. Find the selling price of the book.

Solution:

Cost Price = $ 850

Loss = $ 180

Since, Selling Price = Cost Price + Loss

Selling Price = 850 - 180

= $670

Therefore, selling price of the book = $ 670

Answers: $ 670

4. If a chair was sold for $ 990 at a loss of $ 110. Find the cost price of the chair.

Solution:

Selling Price = $ 990,

Loss = $ 110

Cost Price = Selling Price + Loss

Cost Price = 990 + 110

= $ 1100

Therefore, cost price of the chair = $ 1100

Answers: $ 1100

● Profit and Loss.

Formulas of Profit and Loss.

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

Worksheet on Profit and Loss.

5th Grade Numbers Page

5th Grade Math Problems

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