Profit and loss activity - Free Printable

Let's solve each question from the Class 5 Profit & Loss Worksheet step by step with clear explanations.

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Question 1:

If Cost Price is Rs. 85 and Selling Price is Rs. 105, then what is the profit?

Formula:
Profit = Selling Price (SP) – Cost Price (CP)

Given:
- CP = Rs. 85
- SP = Rs. 105

So,
> Profit = 105 – 85 = Rs. 20

✔ Answer: b) Rs. 20

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Question 2:

John bought an old motor bike for Rs. 5675 and spent Rs. 453 on its repair. Then he sold it for Rs. 7265. Find the profit he made.

Important Note:
Repair cost is added to the cost price because it's an additional expense to make the item saleable.

So,
Total Cost Price (CP) = Purchase price + Repair cost
= 5675 + 453 = Rs. 6128

Selling Price (SP) = Rs. 7265

Now,
Profit = SP – CP = 7265 – 6128 = Rs. 1137

✔ Answer: c) Rs. 1137

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Question 3:

Bob bought a cycle for Rs. 3725. After using it for few months, he sold it for a loss of Rs. 589. Find the selling price of the cycle.

Formula:
Loss = Cost Price – Selling Price
So,
Selling Price = Cost Price – Loss

Given:
- CP = Rs. 3725
- Loss = Rs. 589

So,
SP = 3725 – 589 = Rs. 3136

✔ Answer: b) Rs. 3136

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Question 4:

Merry bought a house for Rs. 27,56,723. She sold it for a profit of Rs. 1,52,780. Find the selling price of the house.

Formula:
Selling Price = Cost Price + Profit

Given:
- CP = Rs. 27,56,723
- Profit = Rs. 1,52,780

So,
SP = 27,56,723 + 1,52,780 = Rs. 29,09,503

✔ Answer: c) Rs. 29,09,503

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Question 5:

If Cost Price > Selling Price, then profit is made from the transaction. Mark True / False.

Let’s analyze:
- If CP > SP → We lose money, so it's a loss, not a profit.
- Profit occurs only when SP > CP.

So, the statement is False.

✔ Answer: b) False

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✔ Final Answers:

1. b) Rs. 20
2. c) Rs. 1137
3. b) Rs. 3136
4. c) Rs. 29,09,503
5. b) False

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