To find Profit or Loss when Cost Price and Selling Price are Given
We will learn how to find profit or loss when cost price and selling price are given.
Profit percent and loss percent are always calculated on cost price (C.P.) only.
I. Formula to find profit percent when cost price and selling price are given;
Profit = selling price - cost price
Therefore, profit% = (profit/cost price) × 100%
II. Formula to find loss percent when cost price and selling price are given;
Loss = cost price - selling price
Therefore, loss% = (loss/cost price) × 100%
1. Mike buys a laptop for $840 and sells it for $900. Find his profit or loss percent.
Solution:
Cost price (C.P.) of the laptop = $840
Selling price (S.P.) of the laptop = $900
Since, S.P. > C.P., there is a profit
Profit = selling price - cost price
= $900 - $840
= $60
Profit% = (profit/cost price) × 100%
= (60/840) × 100%
= 50/7
= 7 1/7%
Therefore, the profit percent is 7 1/7%
2. Kate bought an article for $1750 and sold it for $1680. Find her gain or loss percent.
Solution:
Cost price of the article = $1750
Selling price of the article = $1680
Since, C.P. > S.P. there is a loss
Loss = cost price - selling price
= $1750 - $1680
= $70
Loss% = (loss/cost price) × 100%
= (70/1750) × 100%
= 4%
Therefore, the loss percent is 4%.
More examples to find profit or loss when cost price and selling price are given:
3. Find the profit or loss as percent; when a car is bought for $25000 is sold for $28000.
Solution:
Given, cost price of car = $25000 and selling price of it = $28000
Therefore, profit = $28000 - $25000 = $3000
Profit percent = (profit/cost price) × 100%
= (3000/25000) × 100%
= 12%
Therefore, the profit percent is 12%.
4. Larry purchases an article for $400 and sold it for $380. Calculate her gain or loss percent.
Solution:
Given, cost price of an article = $400 and selling price of it = $380
Therefore, loss = $400 - $380 = $20
Loss percent = (loss/cost price) × 100%
= (20/400) × 100%
= 5%
Therefore, the loss percent is 5%
5. Aaron bought an article for $120 is sold for $150. Find the gain or loss percent.
Solution:
Given, cost price = $120 and selling price = $150
Therefore, gain = $150 - $120 = $30
gain% = (gain/cost price) × 100%
= (30/120) × 100%
= 25%
Therefore, the gain percent is 25%
6. James bought a bicycle for $600 and is sold for $550. Find profit or loss percent.
Solution:
Given, cost price = $600 and selling price = $550
Therefore, loss = C.P. - S.P.
= $600 - $550
= $50
loss percent = (loss/cost price) × 100%
= (50/600) × 100%
= 25/3%
= 8 1/3%
Therefore, the loss percent is 8 1/3%
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
Calculate Profit or Loss Percent
Calculate Profit and Selling Price
Calculate Loss and Selling Price
6th Grade Math Practice
From To find Profit or Loss when Cost Price and Selling Price are given 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.
Recent Articles
-
Addition of Decimals | How to Add Decimals? | Adding Decimals|Addition
Apr 17, 25 01:17 PM
We will discuss here about the addition of decimals. Decimals are added in the same way as we add ordinary numbers. We arrange the digits in columns and then add as required. Let us consider some -
Expanded form of Decimal Fractions |How to Write a Decimal in Expanded
Apr 17, 25 12:21 PM
Decimal numbers can be expressed in expanded form using the place-value chart. In expanded form of decimal fractions we will learn how to read and write the decimal numbers. Note: When a decimal is mi… -
Math Place Value | Place Value | Place Value Chart | Ones and Tens
Apr 16, 25 03:10 PM
0, 1, 2, 3, 4, 5, 6, 7, 8 and 9 are one-digit numbers. Numbers from 10 to 99 are two-digit numbers. Let us look at the digit 6 in the number 64. It is in the tens place of the number. 6 tens = 60 So… -
Place Value and Face Value | Place and Face Value of Larger Number
Apr 16, 25 02:55 PM
The place value of a digit in a number is the value it holds to be at the place in the number. We know about the place value and face value of a digit and we will learn about it in details. We know th… -
Face Value and Place Value|Difference Between Place Value & Face Value
Apr 16, 25 02:50 PM
What is the difference between face value and place value of digits? Before we proceed to face value and place value let us recall the expanded form of a number. The face value of a digit is the digit…
● 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
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.