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:-
Cost price [C.P.] = Selling Price [S.P.] – Profit
C.P. = 1500 – 250
C.P. = 1250
Therefore the cost price of DVD writer is Rs. – 1250.
- A man buys 50 Kg Rice bag at Rs. 650.00 and sells the same at 600 Rs. Calculate the loss and loss percentage.
Solution:-
Cost price of rice bag = 650.00
Selling price of rice bag = 600.00
To calculate loss:-
Loss = Cost price – Selling price
= 650 – 600
= 50
Shopkeeper has a loss of Rs. 50
To calculate loss percentage:-
Loss % = Loss / Cost price * 100
Loss % = 50 /650 * 100
Loss % = 7 % is the loss in percentage.
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- Meeta sold a Wardrobe for rupees 15,000 at a profit rupees 3,000. Find the price at which she bought it. Also calculate the profit percentage.
Solution:
Here, S.P = 15,000
Profit = 3,000
C.P = S.P – Profit
= 15,000 – 3,000
= Rupees 12,000
Profit % = Profit / Cost price * 100
= 3000/12000 * 100
= 25 %
