We will solve different types of problems on finding profit or loss.

We know, when Selling Price (S.P.) is greater than the Cost Price (C.P.) we have a gain (Profit) and when Cost Price (C.P.) is greater than the Selling Price (S.P.) we have a loss.

**General formula to find whether there is profit or loss:**

Profit or Gain = S.P. - C.P. = Selling Price - Cost Price

Loss = C.P. - S.P. = Cost Price - Selling Price

Solved examples on finding profit or loss:

**1.** A shopkeeper buys a football for $ 150 and sells it at $ 210. What is his profit or loss?

Cost Price of foot ball = $ 150

Selling Price of foot ball = $ 210

210 > 150

As, S.P. > C.P.

So, he makes a profit

Profit = S.P. - C.P.

= $ (210 - 150)

= $ 60.

**2.** A merchant
bought a table fan for $ 575 and sold for $ 500. Find the loss of the merchant
in the transaction?

Cost Price of the table fan = $ 575

Selling Price of the table fan = $ 500

Loss = Cost Price - Selling Price

= $ (575 - 500)

= $ 75

Therefore, loss of the merchant is $ 75.

**3.** A man bought
360 eggs at $ 18 per dozen. 40 egg where broken and 20 egg were rotten. What would
be his profit or loss if he sells the rest at $ 20 per dozen?

As 12 things makes a dozen,

He bought = (360 ÷ 12) dozen

= 30 dozen.

His cost price = $ 18 × 30 = $ 540

He sold total number of eggs = (360 - 40 - 20) = 300

Therefore, he sold = (300 ÷ 12) dozen eggs

= 25 dozen eggs.

His selling price = $ 25 × 20

= $ 500

As 500 < 540, that is S.P. < C.P.

He suffers a loss,

His loss = C.P. - S.P.

= $ (540 - 500)

= $ 40.

**To find Cost Price or Selling Price when Profit or Loss is
given.**

**5th Grade Math Problems**

**From Formulas of Profit and Loss to HOME PAGE**

**Didn't find what you were looking for? Or want to know more information
about Math Only Math.
Use this Google Search to find what you need.**

## New! Comments

Have your say about what you just read! Leave me a comment in the box below. Ask a Question or Answer a Question.