L. R. & S. M. VISSANJI ACADEMY
SECONDARY SECTION - 2016-17
MATHEMATICS - GRADE: VI
Profit and Loss
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The price at which an article is bought is called Cost price (C.P)
The price at which an article is sold is called Selling price (S.P)
If S.P > C.P, then a profit is made and Profit = Selling price –Cost price
If C.P > S.P, then a loss is incurred and Loss = Cost price- Selling price
Profit % = Profit/Cost price X 100
Loss % = Loss/Cost price X 100
Actual CP= C.P + Overhead expenses.
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Exercise:
Q1.Find the Selling price of a shirt costing Rs 300 at a profit of 20%.
Q2.Sunita brought an article for Rs.750 and sold it at a loss of 10%.Find the loss and
selling price of the article.
Q3.By selling a bicycle of Rs. 3500, Rohan suffered a loss of 20%.Find the cost price of
the bicycle.
Q4.Find the Profit % or Loss% :
a. When a radio which costs Rs. 400 is sold for Rs.420.
b. When a book which costs Rs.20 is sold for Rs.18.
Q5.A shopkeeper bought 288 oranges for Rs.480.He sold 150 of these at Rs 2.50 each
and the remaining for Rs.240.Find his profit or loss percent.
Q6.Fatima bought 1200 eggs at Rs. 16 a dozen. At what price per hundred must she
sell the eggs so as to earn a profit of 15%.
Q7.Mohit bought a stereo for Rs.5863.Due to some defects in it,he had to pay Rs 137 to
the mechanic for its repair. Then he sold it for Rs.5700.Find his loss percent.
Q8.A vendor purchased 40 dozen bananas for Rs.250.Out of these, 30 bananas were
rotten and could not be sold. At what rate per dozen should he sell the remaining
bananas to make a profit of 20%.
Q9. A newspaper vendor sells newspapers at a commission of 6%.He earns Rs 75 per
day, What is the cost of the newspapers.
Q10.Krishna bought 2400 bananas at Rs. 15 per dozen. He sold 1350 of them at Rs 4
and the remaining at 5 for Rs 8.Find his gain or loss percent.
Answers:
Q1. Selling price of the shirt is Rs.360
Q2.Selling price of the article is Rs.675.
Q3.Cost price of the bicycle is Rs.4375.
Q4.
a. Profit % = 5%
b. Loss % = 10%
Q5. Profit is 28 1/8 %
Q6. 153 1/3 per hundred.
Q7. 5% loss
Q8. Rs 8 per dozen.
Q9. Rs.1175
Q10. Profit=46%