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In worksheet on profit and loss, we can see below there are some different types of questions which we can practice in our homework.
1. Find the profit or loss in each case.
(i) C.P. = $ 420; S.P. = $ 615
(ii) С.Р. =$ 220.50; S.P. = $ 365.50
(iii) С.Р. = $ 310.25; S.P. = $ 285.25
(iv) С.Р. = $ 1215; S.P. = $ 1380
(v) C.P. = $ 2315; S.P. = $ 2300
(vi) C.P. = $ 1890; S.P. = $ 2180
(vii) C.P. = $ 3140; S.P. = $ 3340
(viii) C.P. = $ 6348; S.P. = $ 6000
Answer:
1. (i) Profit $ 195
(ii) Profit $ 145
(iii) Loss = $ 25
(iv) Profit $ 165
(v) Loss = $ 15
(vi) Profit $ 290
(vii) Profit $ 200
(viii) Loss = $ 348
2. Find the profit or loss:
Answer:
2. (b) Loss $2000
(c) Profit $600
(d) Profit $1800
(e) Loss $1100
(f) Loss $200
(g) Profit $700
(h) Profit $800
3. Fill in the blanks:
Answer:
3. (a) Selling Price $2800
(b) Selling Price $1600
(c) Cost Price $2800
(d) Cost Price $1650
(e) Selling Price $4400
(f) Selling Price $1020
(g) Cost Price $1405
(h) Cost Price $6390
4. Find the profit or loss in each case.
(i) С.Р. = $145.50; S.P. = $150
(ii) C.P. = $528; S.P. = $698
(iii) С.Р. = $926; S.P. = $960
(iv) С.Р. = $1260; S.P. = $1150
Answer:
4. (i) Profit = $4.50
(ii) Profit = $170
(iii) Profit = $34
(iv) Loss = $110
5. Find the cost price in each case.
(i) S.P. = $480; Profit = $50
(ii) S.P = $900; Loss = $60
(iii) S.P. = $2490; Loss = $460
(iv) S.P. = $2250; Profit = $25
Answer:
5. (i) Cost Price = $430
(ii) Cost Price = $960
(iii) Cost Price = $2950
(iv) Cost Price = $2225
6. Find the profit or loss percent.
(i) С.Р. = $240; Profit = $120
(ii) С.Р. = $395; S.P. = $450
(ii) C.P. = $625; S.P. = $525
(iv) C.P. = $590; S.P. = $595
Answer:
6. (i) 50% Profit
(ii) 137379% Profit
(ii) 16% Profit
(iv) 5059% Loss
7. Identify whether the following statements are true or false.
(i) Loss = C.P. – S.P.
(ii) Profit per cent = ProfitC.P. × 100
(iii) Loss per cent = LossS.P. × 100
(iv) Profit or loss are calculated on the selling price.
(v) If C.P. = $2000 and S.P. = $1940, the profit is 3%.
Answer:
7. (i) True
(ii) True
(iii) False
(iv) False
(v) False
8. Complete the following table:
Answer:
8.
From question 9 onwards we can see word problems on profit and loss.
9. Solve the following word problems on profit and loss.
(i) A TV was bought for $ 18,950 and sold at a loss of $ 4780. Find the selling price.
(ii) A second hand car was sold for $ 190000, at a loss of $ 85. Find the CP of the car.
(iii) Jane sold her genset for $ 20000 at a profit of $ 1737. Find the CP of genset.
(iv)
Abraham bought a music system for $ 6375.00 and spent $ 75.00 on its
transportation. He sold it for $ 6400.00. Find his profit or loss
percent.
(v) Joy bought pens at $ 120 a dozen. He sold it for $ 15 each. What is his profit percent?
(vi) Simi bought a study table for $ 9000. She sold it at a profit of 20%. How much profit did she make? What is the selling price?
(vii) Find the selling price if the cost price is $ 1200 and loss percent is 25.
(viii) Marshall bought 20 refills and sold them at $ 4 each. If it had cost $ 50 for the refills, what was his profit or loss percent?
(ix) Mr. Smith buys pencils at $ 250 per hundred and sells each at $ 1.75. Find his loss or profit.
(x)
Davis bought a second hand cycle for $ 500. He spent $ 80 in repairs
and $ 175 in repainting. He then sold it to John for $ 900. How much did
he gain or lose?
(xi) A fruit vendor bought 600
apples for $ 4800. He spent $ 400 on transportation. How much should he
sell each to get a profit of $ 1000?
(xii) Tim bought a box of chocolates for $ 650 and sold it to Tom at a profit of $ 75. Find the selling price.
(xiii) David bought 2 dozen eggs for $ 56. Since 6 of them broke, he incurred a loss of $ 20 on selling them. What was the selling price of one egg?
(xiv) Nitheeya bought a headphone for $1800. She sold it for $1550. Find the loss or profit percent.
(xv) Nairitee bought a scheel bag for $270 and sold it at 12% loss. Find the selling price.
(xvi) Jonathan bought a new laptop for $47500 and sold it at 10% profit. Find the selling price.
Answer:
9. (i) $14,170
(ii) $190085
(iii) $18263
(iv) Loss $50
(v) Profit $60
(vi) Profit $1800; Selling price $10800
(vii) Selling price $900
(viii) Profit 60%
(ix) Loss $75
(x) Gain $ 145
(xi) $10.33 (Approx)
(xii) Selling price $725
(xiii) $2
(xiv) 1389% Loss
(xv) Selling Price = $237.6
(xvi) Selling Price = $52250
To find Cost Price or Selling Price when Profit or Loss is given.
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