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Worksheet on Profit and Loss | Word Problem on Profit and Loss ... - Free Printable

Worksheet on Profit and Loss | Word Problem on Profit and Loss ...

Educational worksheet: Worksheet on Profit and Loss | Word Problem on Profit and Loss .... Download and print for classroom or home learning activities.

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Show Answer Key & Explanations Step-by-step solution for: Worksheet on Profit and Loss | Word Problem on Profit and Loss ...
Let's solve each part of the table step by step.

We are given:

- Cost Price (CP): The price at which an item is bought.
- Selling Price (SP): The price at which an item is sold.
- Profit = SP - CP (if SP > CP)
- Loss = CP - SP (if CP > SP)

If SP > CP → Profit
If SP < CP → Loss
If SP = CP → No profit, no loss

---

Let’s fill in the missing values one by one.

---

(a)
- CP = $5000
- SP = $6000
- Profit = 6000 - 5000 = $1000 (already given)
- Loss = 0 (since there is a profit)

Loss = $0

---

(b)
- CP = $12000
- SP = $10000
- Since SP < CP → Loss
- Loss = 12000 - 10000 = $2000
- Profit = 0 (no profit)

Profit = $0, Loss = $2000

---

(c)
- CP = $1800
- SP = $2400
- SP > CP → Profit
- Profit = 2400 - 1800 = $600
- Loss = 0

Profit = $600, Loss = $0

---

(d)
- CP = $5400
- SP = $7200
- SP > CP → Profit
- Profit = 7200 - 5400 = $1800
- Loss = 0

Profit = $1800, Loss = $0

---

(e)
- CP = $9100
- SP = $8000
- SP < CP → Loss
- Loss = 9100 - 8000 = $1100
- Profit = 0

Profit = $0, Loss = $1100

---

(f)
- CP = $6200
- SP = $6000
- SP < CP → Loss
- Loss = 6200 - 6000 = $200
- Profit = 0

Profit = $0, Loss = $200

---

(g)
- CP = $3300
- SP = $4000
- SP > CP → Profit
- Profit = 4000 - 3300 = $700
- Loss = 0

Profit = $700, Loss = $0

---

(h)
- CP = $1100
- SP = $1900
- SP > CP → Profit
- Profit = 1900 - 1100 = $800
- Loss = 0

Profit = $800, Loss = $0

---

Final Completed Table:



| S.No. | Cost Price | Selling Price | Profit | Loss |
|-------|------------|---------------|--------|------|
| (a) | $ 5000 | $ 6000 | $ 1000 | $ 0 |
| (b) | $ 12000 | $ 10000 | $ 0 | $ 2000 |
| (c) | $ 1800 | $ 2400 | $ 600 | $ 0 |
| (d) | $ 5400 | $ 7200 | $ 1800 | $ 0 |
| (e) | $ 9100 | $ 8000 | $ 0 | $ 1100 |
| (f) | $ 6200 | $ 6000 | $ 0 | $ 200 |
| (g) | $ 3300 | $ 4000 | $ 700 | $ 0 |
| (h) | $ 1100 | $ 1900 | $ 800 | $ 0 |

---

🔍 Summary:


- Profit occurs when Selling Price > Cost Price
- Loss occurs when Selling Price < Cost Price
- Always compute:
→ Profit = SP - CP (if positive)
→ Loss = CP - SP (if positive)

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Parent Tip: Review the logic above to help your child master the concept of profit and loss worksheet.
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