# Profit and Loss Questions for Class 5

Last updated on September 27th, 2022 at 01:12 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

5th Grade Science Practice Test for NSO

### Profit and Loss Questions for Class 5

1. 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