CBSE Class 5 Mathematics Profit And Loss Worksheet

I. Fill in the blanks.

Question 1. The price at which an article is bought is called _________
Answer: Cost price
In simple words: Cost price is the money paid to purchase an item.

Exam Tip: Remember Cost Price is abbreviated as C.P.

Question 2. The price at which an article is sold is called _________
Answer: Selling price
In simple words: Selling price is the money received when an item is sold.

Exam Tip: Remember Selling Price is abbreviated as S.P.

Question 3. When the selling price is more than the cost price, the difference is the _________
Answer: Profit
In simple words: Selling at a higher price than what you bought it for results in profit.

Exam Tip: Profit = S.P. - C.P.

Question 4. When the cost price is more than the selling price, the difference is the _________
Answer: Loss
In simple words: Selling at a lower price than what you bought it for results in a loss.

Exam Tip: Loss = C.P. - S.P.

Question 5. S.P. - C.P. = _________
Answer: Profit
In simple words: Subtracting cost price from selling price gives profit.

Exam Tip: Use this formula when S.P. is greater than C.P.

Question 6. C.P. = S.P. - _________
Answer: Profit
In simple words: To find cost price when there is a profit, subtract profit from selling price.

Exam Tip: Rearrange the basic profit formula.

Question 7. C.P. - S.P. = _________
Answer: Loss
In simple words: Subtracting selling price from cost price gives loss.

Exam Tip: Use this formula when C.P. is greater than S.P.

Question 8. C.P. = S.P. + _________
Answer: Loss
In simple words: To find cost price when there is a loss, add loss to selling price.

Exam Tip: Rearrange the basic loss formula.

Question 9. When S.P. is more than C.P., there is a _________
Answer: Profit
In simple words: Earning more than the purchase price means a gain.

Exam Tip: Condition for profit: \(\text{S.P.} > \text{C.P.}\)

Question 10. When the cost price is Rs 137 and the selling price is Rs 100 then the loss is _________
Answer: Rs 37
Loss = C.P. - S.P.
Loss = Rs 137 - Rs 100 = Rs 37
In simple words: Subtract selling price from cost price to get the loss amount.

Exam Tip: Always include the currency unit (Rs).

Question 11. When the cost price is Rs 100 and the profit is Rs 25 then the selling price is _________
Answer: Rs 125
S.P. = C.P. + Profit
S.P. = Rs 100 + Rs 25 = Rs 125
In simple words: Add profit to the cost price to find the selling price.

Exam Tip: Selling price is higher when there is a profit.

Question 12. When C.P. is more than S.P., there is a _________
Answer: Loss
In simple words: Buying at a higher price and selling at a lower price causes a loss.

Exam Tip: Condition for loss: \(\text{C.P.} > \text{S.P.}\)

Question 13. To find cost price, subtract _________ from selling price.
Answer: Profit
In simple words: Subtract profit from selling price to get the original cost price.

Exam Tip: Formula: \(\text{C.P.} = \text{S.P.} - \text{Profit}\)

Question 14. To find cost price, add _________ to the selling price.
Answer: Loss
In simple words: Add the loss amount to the selling price to recover the cost price.

Exam Tip: Formula: \(\text{C.P.} = \text{S.P.} + \text{Loss}\)

Question 15. S.P. = C.P. + _________
Answer: Profit
In simple words: Selling price equals cost price plus profit earned.

Exam Tip: Use when calculating selling price with a known profit.

Question 16. S.P. = C.P. - _________
Answer: Loss
In simple words: Selling price equals cost price minus the loss incurred.

Exam Tip: Use when calculating selling price with a known loss.

Question 17. To find selling price, add _________ to the cost price.
Answer: Profit
In simple words: Adding profit to cost price gives the selling price.

Exam Tip: Formula: \(\text{S.P.} = \text{C.P.} + \text{Profit}\)

Question 18. To find selling price, _________ loss from the cost price.
Answer: subtract
In simple words: Subtracting loss from cost price gives the selling price.

Exam Tip: Formula: \(\text{S.P.} = \text{C.P.} - \text{Loss}\)

Question 19. Overhead expenses are added to _________
Answer: Cost price
In simple words: Extra expenses like transport or repairs are added to the initial cost price to find the total cost price.

Exam Tip: Total C.P. = Original C.P. + Overhead Expenses.

II. Do as directed.

1. Find out the loss or profit

Question 1(1). cost price = Rs 8436, Selling price = Rs 10493
Answer:
Since Selling Price (Rs 10493) is greater than Cost Price (Rs 8436), there is a profit.
Profit = S.P. - C.P.
Profit = Rs 10493 - Rs 8436 = Rs 2057
In simple words: Subtract cost price from selling price to find the profit of Rs 2057.

Exam Tip: Check whether S.P. > C.P. first to determine if it is profit or loss.

Question 1(2). C.P. = Rs 9085, S.P. = Rs 7940
Answer:
Since Cost Price (Rs 9085) is greater than Selling Price (Rs 7940), there is a loss.
Loss = C.P. - S.P.
Loss = Rs 9085 - Rs 7940 = Rs 1145
In simple words: Subtract selling price from cost price to find the loss of Rs 1145.

Exam Tip: Align columns carefully during subtraction to avoid calculation errors.

Question 1(3). C.P. = Rs 15000, S.P. = Rs 14085
Answer:
Since Cost Price (Rs 15000) is greater than Selling Price (Rs 14085), there is a loss.
Loss = C.P. - S.P.
Loss = Rs 15000 - Rs 14085 = Rs 915
In simple words: Subtract selling price from cost price to find the loss of Rs 915.

Exam Tip: Double-check borrowing steps when subtracting across zeros.

2. Find the cost price

Question 2(1). S.P. = Rs 74365, Profit = Rs 3285
Answer:
C.P. = S.P. - Profit
C.P. = Rs 74365 - Rs 3285 = Rs 71080
In simple words: Subtract profit from selling price to get the cost price.

Exam Tip: When profit is given, C.P. is less than S.P.

Question 2(2). S.P. = Rs 1100, Loss = Rs 425
Answer:
C.P. = S.P. + Loss
C.P. = Rs 1100 + Rs 425 = Rs 1525
In simple words: Add loss to selling price to get the cost price.

Exam Tip: When loss is given, C.P. is greater than S.P.

3. Find the selling price

Question 3(1). C.P. = Rs 2080, Loss = Rs 175
Answer:
S.P. = C.P. - Loss
S.P. = Rs 2080 - Rs 175 = Rs 1905
In simple words: Subtract loss from cost price to find the selling price.

Question 3(2). C.P. = Rs 4856, Profit = Rs 437
Answer:
S.P. = C.P. + Profit
S.P. = Rs 4856 + Rs 437 = Rs 5293
In simple words: Add profit to cost price to find the selling price.

Exam Tip: Selling price is higher than cost price in case of a profit.

III. Do as directed.

Question 1. A refrigerator is bought for Rs 11900 and sold at a profit of Rs 550. Find its selling price.
Answer:
Cost Price (C.P.) = Rs 11900
Profit = Rs 550
Selling Price (S.P.) = C.P. + Profit
S.P. = Rs 11900 + Rs 550 = Rs 12450
In simple words: Add the profit to the purchase price to find the selling price of Rs 12450.

Exam Tip: Always state the given values clearly before applying the formula.

Question 2. A grocer buys goods worth Rs 295 and sells them for Rs 450. What is his profit or loss?
Answer:
Cost Price (C.P.) = Rs 295
Selling Price (S.P.) = Rs 450
Since S.P. > C.P., there is a profit.
Profit = S.P. - C.P.
Profit = Rs 450 - Rs 295 = Rs 155
In simple words: Since selling price is greater than cost price, subtract C.P. from S.P. to get a profit of Rs 155.

Exam Tip: Clearly mention whether the result is a profit or a loss.

Question 3. A television is bought for Rs 12500 and spend Rs 275 for transportation. Then it is sold for Rs 15000. What is the profit or loss?
Answer:
Original Cost Price = Rs 12500
Overhead Expenses (Transportation) = Rs 275
Total Cost Price (C.P.) = Original C.P. + Overhead Expenses
Total C.P. = Rs 12500 + Rs 275 = Rs 12775
Selling Price (S.P.) = Rs 15000
Since S.P. > Total C.P., there is a profit.
Profit = S.P. - Total C.P.
Profit = Rs 15000 - Rs 12775 = Rs 2225
In simple words: Add the transportation cost to the buying price to get the total cost, then subtract it from the selling price to find the profit of Rs 2225.

Exam Tip: Always add overhead expenses (transport, repairs, tax) to the cost price before calculating profit or loss.