Last updated on July 7th, 2023 at 10:22 pm
Profit and Loss Questions for Class 5
Profit and Loss Questions for Class 5 by online-shiksha
Define Terms:-
Cost Price – The price paid to the supplier or wholesale supplier by a shopkeeper is called the cost price, which includes all costs, such as transport repair work, etc.
Selling Price – The price at which the shopkeeper sells his products is called the selling price.
Profit:- To calculate profit, we have to put the selling price higher than the cost price and to calculate the profit.
Formulae to calculate profit:-
Profit = Selling price – cost price
If the cost price is higher than the selling price this means that you have a loss
Formulae to calculate loss:-
Loss = Cost price – Selling price
Formulae to calculate profit percentage:-
If you want to calculate the profit in percentage form then we use the formula
Profit % = Profit / Cost price * 100
Formulae to calculate loss percentage:-
If you want to calculate the loss in percentage form then we use the formula
Loss % = Loss / Cost price * 100
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Profit and Loss Questions for Class 5
- A fruit shopkeeper sold bananas at Rs. 30 per Dozen. If his cost price was Rs. 20, find his profit.
Solution:-
Selling price of 1 dozen bananas = Rs. 30
Cost Price of 1 dozen bananas = Rs. 20
As per formulae
Profit = selling price (S.P.) – cost price (C.P.)
Profit = 30 – 20 = 10
For 1 dozen Bananas the shopkeeper got a profit of Rs 10.
- Shanaya bought a DVD Player for rupees 1500.00 if the shopkeeper made a profit of rupees 250 then what is the cost price of DVD Player.
Solution:-
DVD Player cost = 1500
Profit made = 250
Formulae to calculate Cost Price:-
