Maharashtra Board Class 6 Maths part 2 Chapter 13 Profit Loss PDF Download

Profit - Loss

Details of Sarita's shopping for her stall:

Plates - ₹ 20

Spoons - ₹ 10

Chutney - ₹ 30

Puffed rice - ₹ 50

Onions - ₹ 20

Miscellaneous - ₹ 60

Total ---------

Amount Sarita gained by selling: ₹ 230

How much did Sarita spend on her bhel?

Why does Sarita look so happy?

Details of Pranav's shopping for his stall:

Vegetables - ₹ 70

Butter - ₹ 25

Bread - ₹ 45

Masala - ₹ 14

Miscellaneous - ₹ 20

Total ---------

The amount Pranav gained through his sales: ₹ 160

How much did Pranav spend in all?

Why is he so disappointed?

Teacher's Note

When you buy things and sell them, you can make money or lose money. Just like when you buy a notebook for ₹ 50 and sell it for ₹ 80, you make ₹ 30 profit.

Exam Trick

Remember: If selling price is more than cost price = Profit. If selling price is less than cost price = Loss. Think of profit as extra money you get.

Points to Remember

Profit happens when you sell something for more money than you paid for it.

Loss happens when you sell something for less money than you paid for it.

Cost price is the money you spend to buy something.

Selling price is the money you get when you sell something.

Profit = Selling price - Cost price.

Profit And Loss

People do various kinds of jobs to earn money. Shopkeepers sell articles that people need. They buy things from wholesale traders in large quantities at lower rates. It costs less than the printed price. When they sell things in retail, that is, in smaller quantities, they charge a greater amount. If the selling price is more than the amount paid for it, there is a gain. It is called a profit. Sometimes, an article is sold for less than the amount paid for it while buying. The damage, in that case, is called a loss.

Teacher's Note

In India, shopkeepers buy things from big stores at low prices and sell them to you at higher prices. This extra money they get is their profit. For example, a shopkeeper buys a pen for ₹ 5 and sells it for ₹ 10, so the profit is ₹ 5.

Exam Trick

Remember this easy formula: Profit = Selling Price - Cost Price. If the answer is positive, there is profit. If it is negative, there is loss.

Points to Remember

If selling price is less than cost price, there is a loss.

Loss = Cost price - Selling price.

If selling price is more than cost price, there is a profit.

Profit = Selling price - Cost price.

Example: Hamidbhai bought bananas worth ₹ 2000 and sold them all for ₹ 1890. Did he make a profit or a loss? How much was it?

He bought bananas for ₹ 2000

Hence, Cost price = ₹ 2000

Selling price = ₹ 1890

Cost price is greater than selling price. Therefore, Hamidbhai suffered a loss.

Loss = Cost price - Selling price = 2000 - 1890 = ₹ 110

Therefore, Hamidbhai suffered a loss of ₹ 110 in this transaction.

Example: Harbhajan Singh bought 500 kg of rice for ₹ 22000 and sold it all at the rate of ₹ 48 per kg. How much profit did he make?

The cost price of 500 kg rice is ₹ 22000

Selling price of 500 kg of rice is = 500 × 48 = ₹ 24000

Selling price is greater than cost price. Therefore, there is a profit.

Profit = Selling price - Cost price = 24000 - 22000 = ₹ 2000

Therefore, in this transaction, Harbhajan Singh made a profit of ₹ 2000.

Teacher's Note

When you buy rice for ₹ 100 and sell it for ₹ 120, you made ₹ 20 profit. This is how traders in your local market earn money every day.

Exam Trick

Always subtract cost price from selling price. A positive answer means profit. A negative answer means loss. Write down the numbers carefully.

Points to Remember

Write the cost price and selling price clearly before doing any calculation.

Compare which price is bigger to find profit or loss.

Use the correct formula for profit or loss.

Profit means you earned extra money on your sale.

Loss means you earned less money than what you spent.

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