**Download Profit and Loss Worksheet for Grade 5**

Q.1) Mr Gupta bought some goods for ₹ 200 and sold it for ₹ 350 . What was his Profit ?

a) ₹ 100

b) ₹ 300

c) ₹ 150

Q.2) A girl bought goods worth ₹ 900 . Her overhead expenses were ₹ 225 . She sold the goods for ₹ 2000 . What was her Profit ?

a) ₹ 875

b) ₹ 825

c) ₹ 1075

Q.3) If Cost Price = ₹ 250 , Overhead expenses = ₹ 52 and Selling Price = ₹ 140 . Find the loss ?

a) Loss = ₹ 168

b) Loss = ₹ 162

c) Loss = ₹ 164

Q.4) Mohit bought a Decorative lamp for ₹ 1500 and spent ₹ 100 on transportation . He sold the Decorative lamp for ₹ 2000 . Find His profit percent ?

a) Profit % = 25 %

b) Profit % = 30 %

c) Profit % = 28 %

Q.5) If Cost Price = ₹ 95 , Overhead expenses = ₹ 21 and Selling Price = ₹ 180 . Find the Profit ?

a) Profit = ₹ 64

b) Profit = ₹ 66

c) Profit = ₹ 59

Q.6) Find the Cost Price, If the Selling Price is ₹ 394 and the profit is ₹ 116 ?

a) ₹ 288

b) ₹ 278

c) ₹ 284

Q.7) Mahendra bought a Printer for ₹ 3000 and sold it for ₹ 2880 . Find his loss percent ?

a) Loss % = 4 %

b) Loss % = 10 %

c) Loss % = 7 %

Q.8) If a school bag is bought for ₹ 600 and sold for ₹ 900 . What is the profit percent ?

a) Profit % = 45 %

b) Profit % = 50 %

c) Profit % = 40 %

Q.9) Find the Cost Price If the Selling Price is ₹ 140 and the loss is ₹ 35 ?

a) ₹ 171

b) ₹ 175

c) ₹ 164

Q.10) Find the Selling Price If the Cost Price is ₹ 240 and the loss is ₹ 63 ?

a) ₹ 177

b) ₹ 169

c) ₹ 174

Q.11) Find the Selling Price . If the Cost Price is ₹ 110 and the profit is ₹ 22 ?

a) ₹ 132

b) ₹ 140

c) ₹ 127

Q.12) If Cost Price = ₹ 225 and Selling Price = ₹ 200 . Find the Loss ?

a) Loss = ₹ 20

b) Loss = ₹ 17

c) Loss = ₹ 25

### Profit and Loss Worksheet for Grade 5 Explanations

**Q.1) Explanation – Profit and Loss Worksheet for Grade 5**

Cost Price of goods = ₹ 200

Selling Price of goods = ₹ 350

Cost Price (C.P) = Price at which an Article is purchased.

Selling Price (S.P) = Price at which the Article is sold.

Since, Selling Price > Cost Price , Mr Gupta made a profit

Profit = Selling Price – Cost Price

Profit = 350 – 200

= 150

So, Profit made by Mr Gupta is ₹ 150

**Correct Answer – c) ₹ 150**

**Q.2) Explanation – Profit and Loss Worksheet for Grade 5**

Cost Price of goods = ₹ 900

Overhead expenses = ₹ 225

Selling Price of goods = ₹ 2000

Cost Price ( CP ) = Price at which an Article is purchased (including overhead).

Selling Price ( SP ) = Price at which the Article is sold.

Overhead expenses = Overhead expenses are certain other expenses incurred by the Seller, and hence are added to his cost price.

Therefore,

Total Cost Price = Cost Price + Overhead expenses

Total Cost Price = 900 + 225

Total Cost Price = ₹ 1125

Since,

Total Cost Price < Selling Price , this indicates that there is a profit

Therefore,

Profit = Selling Price – Total Cost Price

Profit = 2000 – 1125

= 875

Profit = ₹ 875

So, the profit made by the girl is ₹ 875

**Correct Answer – a) ₹ 875**

**Q.3) Explanation – Profit and Loss Worksheet for Grade 5**

Cost Price = ₹ 250

Overhead expenses = ₹ 52

Selling Price = ₹ 140

Cost Price (C.P) = Price at which an Article is purchased (including overhead expenses)

Selling Price (S.P) = Price at which the Article is sold.

Overhead expenses = Overhead expenses are certain other expenses incurred by the Seller, and hence are added to his cost price.

Therefore,

Total Cost Price = Cost Price + Overhead expenses

Total Cost Price = 250 + 52

Total Cost Price = ₹ 302

Since, Total Cost Price > Selling Price

Therefore,

Loss = Total Cost Price – Selling Price

Loss = 302 – 140

So, Loss = ₹ 162

**Correct Answer – b) Loss = ₹ 162**

**Q.4) Explanation – Profit and Loss Worksheet for Grade 5**

Cost Price of Decorative lamp = ₹ 1500

Transportation charges are = ₹ 100

Transportation charge is an overhead expenses

Overhead expenses = Overhead expenses are certain other expenses incurred by the Seller, and hence are added to his cost price.

Therefore,

Total Cost Price = Cost Price + Overhead expenses

Total Cost Price = 1500 + 100

Total Cost Price = ₹ 1600

Selling Price of Decorative lamp = ₹ 2000

Clearly, Selling Price > Total Cost Price

This indicates some profit has been earned

Therefore,

Profit = Selling Price – Total Cost Price

Profit = 2000 – 1600

Profit = ₹ 400

Since,

Profit % = 25 %

So, the Profit % is 25 %** **

**Correct Answer – a) Profit % = 25 %**

**Q.5) Explanation – Profit and Loss Worksheet for Grade 5**

Cost Price = ₹ 95

Overhead expenses = ₹ 21

Selling Price = ₹ 180

Cost Price (C.P) = Price at which an Article is purchased.

Selling Price (S.P) = Price at which the Article is sold.

Overhead expenses = Overhead expenses are certain other expenses incurred by the Seller, and hence are added to his cost price.

Therefore,

Total Cost Price = Cost Price + Overhead expenses

Total Cost Price = 95 + 21

Total Cost Price = ₹ 116

Since, Selling Price > Total Cost Price

Therefore,

Profit = Selling Price – Total Cost Price

Profit = 180 – 116

Profit = 64

So, Profit = ₹ 64

**Correct Answer – a) Profit = ₹ 64**

**Q.6) Explanation – Profit and Loss Worksheet for Grade 5**

Selling Price = ₹ 394

Profit = ₹ 116

Cost Price = ?

When profit is earned, then Cost Price would be less than the Selling Price

Therefore,

Profit = Selling Price – Cost Price

Or we can say,

Cost Price = Selling Price – Profit

Cost Price = 394 – 116

Cost Price = 278

So, Cost Price = ₹ 278

**Correct Answer – b) ₹ 278**

**Q.7) Explanation – Profit and Loss Worksheet for Grade 5**

Cost price(CP) – Price at which an article is purchased.

Selling price(SP) – Price at which an article is sold.

Loss – Where the Cost Price is greater than the Selling Price, the difference between the SP and CP is the Loss

Cost Price = ₹ 3000

Selling Price = ₹ 2880

Clearly, Cost Price > Selling Price

In this case a loss has been incurred

We know that,

Loss = Cost Price – Selling Price

Loss = 3000 – 2880

Loss = ₹ 120

Therefore,

Loss % = [(120/3000) x 100 ] %

Loss % = 4 %

So, the Loss % is 4 %

**Correct Answer – a) Loss % = 4 %**

**Q.8) Explanation – Profit and Loss Worksheet for Grade 5**

Cost Price of school bag = ₹ 600

Selling Price of school bag = ₹ 900

Cost Price (CP) – Price at which an Article is purchased.

Selling Price (SP) – Price at which the Article is sold.

Profit – Where the Selling Price is greater than the Cost Price, the difference between the SP and CP is the gain

Clearly,

Selling Price > Cost Price

It means a profit has been earned

Since,

Profit = Selling Price – Cost Price

Profit = 900 – 600

Profit = ₹ 300

Now, we have to calculate profit percent

= 50 %

So, the Profit % is 50 %

**Correct Answer – b) Profit % = 50 %**

**Q.9) Explanation – Profit and Loss Worksheet for Grade 5**

Selling Price = ₹ 140

Loss = ₹ 35

Cost Price = ?

When loss is suffered, , the Cost Price would be more than Selling Price

Therefore,

Loss = Cost Price – Selling Price

Or we can say,

Cost Price = Selling Price + Loss

Cost Price = 140 + 35

Cost Price = 175

So, Cost Price = ₹ 175

**Correct Answer – b) ₹ 175**

**Q.10) Explanation – Profit and Loss Worksheet for Grade 5**

Cost Price = ₹ 240

Loss = ₹ 63

Selling Price = ?

When the loss is suffered by Seller, then the Selling Price would be less than the Cost Price

Therefore,

Loss = Cost Price – Selling Price

Or we can say,

Selling Price = Cost Price – Loss

Selling Price = 240 – 63

= 177

So, Selling Price = ₹ 177

**Correct Answer – a) ₹ 177**

**Q.11) Explanation – Profit and Loss Worksheet for Grade 5**

Cost Price = ₹ 110

Profit = ₹ 22

Selling Price = ?

When profit is earned, then the selling price would be more than the cost price

Therefore,

Profit = Selling Price – Cost Price

Or we can say,

Selling Price = Cost Price + Profit

Selling Price = 110 + 22

Selling Price = 132

So, Selling Price = ₹ 132

**Correct Answer – a) ₹ 132**

**Q.12) Explanation – Profit and Loss Worksheet for Grade 5**

Cost Price = ₹ 225

Selling Price = ₹ 200

Cost Price ( CP ) = Price at which an Article is purchased.

Selling Price ( SP ) = Price at which the Article is sold.

Since, Cost Price > Selling Price this indicates there is a loss

Therefore,

Loss = Cost Price – Selling Price

Loss = 225 – 200

= 25

So, Loss = ₹ 25** **

**Correct Answer – c) Loss = ₹ 25**