Problem Analysis:
The worksheet involves calculating cost price, selling price, profit, and loss based on given information. Let's solve each part step by step.
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Part A: Find the cost price or selling price
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1) Selling Price = $845,
Profit = $45
-
Formula: Profit = Selling Price - Cost Price
- Rearrange to find Cost Price:
Cost Price = Selling Price - Profit
- Substitute the values:
Cost Price = $845 - $45 = $800
Answer for 1):
Cost Price =
$800
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####
2) Cost Price = $24,980,
Loss = $5,000
-
Formula: Loss = Cost Price - Selling Price
- Rearrange to find Selling Price:
Selling Price = Cost Price - Loss
- Substitute the values:
Selling Price = $24,980 - $5,000 = $19,980
Answer for 2):
Selling Price =
$19,980
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3) Cost Price = $740,
Profit = $60
-
Formula: Selling Price = Cost Price + Profit
- Substitute the values:
Selling Price = $740 + $60 = $800
Answer for 3):
Selling Price =
$800
---
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4) Selling Price = $802,
Loss = $47
-
Formula: Cost Price = Selling Price + Loss
- Substitute the values:
Cost Price = $802 + $47 = $849
Answer for 4):
Cost Price =
$849
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Part B: Fill in the missing amounts and complete the table
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Row 1:
-
Given: Cost Price = $600, Selling Price = $750, Profit = $150
-
Check: Profit = Selling Price - Cost Price
$150 = $750 - $600 (Correct)
-
Loss: Since there is a profit, Loss = 0
Row 1 Answers:
Selling Price =
$750, Profit =
$150, Loss =
$0
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####
Row 2:
-
Given: Cost Price = $30,050, Profit = $1,275
-
Formula: Selling Price = Cost Price + Profit
Selling Price = $30,050 + $1,275 = $31,325
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Loss: Since there is a profit, Loss = 0
Row 2 Answers:
Selling Price =
$31,325, Profit =
$1,275, Loss =
$0
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####
Row 3:
-
Given: Selling Price = $8,216, Loss = $326
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Formula: Cost Price = Selling Price + Loss
Cost Price = $8,216 + $326 = $8,542
-
Profit: Since there is a loss, Profit = 0
Row 3 Answers:
Cost Price =
$8,542, Profit =
$0, Loss =
$326
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Part C: Aaron bought a TV for $258 and sold it at a loss of $43. What price did Aaron sell his TV?
-
Formula: Selling Price = Cost Price - Loss
- Substitute the values:
Selling Price = $258 - $43 = $215
Answer for Part C:
Selling Price =
$215
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Final Answer Summary:
1.
Part A:
- 1) Cost Price =
$800
- 2) Selling Price =
$19,980
- 3) Selling Price =
$800
- 4) Cost Price =
$849
2.
Part B:
- Row 1: Selling Price =
$750, Profit =
$150, Loss =
$0
- Row 2: Selling Price =
$31,325, Profit =
$1,275, Loss =
$0
- Row 3: Cost Price =
$8,542, Profit =
$0, Loss =
$326
3.
Part C:
- Selling Price =
$215
Boxed Final Answer:
$$
\boxed{215}
$$
Parent Tip: Review the logic above to help your child master the concept of profit and loss worksheet.
