# Class 5 Math Worksheet on Profit and Loss Questions

Last updated on July 7th, 2023 at 10:21 pm

## Profit and Loss Question Answers

[Q] A shopkeeper bought 100 pencils at a cost of \$10. He sold 70 pencils at a price of \$1.50 each and the remaining pencils at a price of \$1 each. What is his profit or loss percentage?

Solution:

Cost price of 100 pencils = \$10

Cost price of 1 pencil = \$10/100 = \$0.10

Revenue from selling 70 pencils = 70 x \$1.50 = \$105

Revenue from selling remaining 30 pencils = 30 x \$1 = \$30

Total revenue = \$105 + \$30 = \$135

Profit = Total revenue – Total cost price

Profit = \$135 – \$10 = \$125

Profit percentage = (Profit/Cost price) x 100

Profit percentage = (\$125/\$10) x 100 = 1250%

Therefore, the shopkeeper made a profit of 1250% on the sale of pencils.

[Q] A company sold 500 products at a selling price of \$20 each. The cost price of each product was \$15. What is the profit or loss percentage?

Solution:

Cost price of 1 product = \$15

Selling price of 1 product = \$20

Profit = Selling price – Cost price

Profit = \$20 – \$15 = \$5

Total profit from selling 500 products = 500 x \$5 = \$2500

Total cost price of 500 products = 500 x \$15 = \$7500

Profit percentage = (Profit/Cost price) x 100

Profit percentage = (\$2500/\$7500) x 100 = 33.33%

Therefore, the company made a profit of 33.33% on the sale of products.

[Q] A shopkeeper bought a pair of shoes for \$50 and sold them for \$60. What is the profit or loss percentage?

Solution:

Cost price of the shoes = \$50

Selling price of the shoes = \$60

Profit = Selling price – Cost price = \$60 – \$50 = \$10

Profit percentage = (Profit/Cost price) x 100 = (\$10/\$50) x 100 = 20%

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