To solve the problems in the "Profit / Loss Worksheet," we need to use the following formulas:
1.
Profit = Selling Price (SP) - Cost Price (CP)
2.
Loss = Cost Price (CP) - Selling Price (SP)
If the Selling Price is greater than the Cost Price, it results in a
Profit. If the Selling Price is less than the Cost Price, it results in a
Loss.
Let's solve each problem step by step:
---
Problem 1:
-
Cost Price (CP) = 290
-
Selling Price (SP) = 325
Since SP > CP, there is a
Profit.
\[
\text{Profit} = \text{SP} - \text{CP} = 325 - 290 = 35
\]
Answer: Profit = 35
---
Problem 2:
-
Cost Price (CP) = 263
-
Selling Price (SP) = 195
Since SP < CP, there is a
Loss.
\[
\text{Loss} = \text{CP} - \text{SP} = 263 - 195 = 68
\]
Answer: Loss = 68
---
Problem 3:
-
Cost Price (CP) = 98
-
Selling Price (SP) = 93
Since SP < CP, there is a
Loss.
\[
\text{Loss} = \text{CP} - \text{SP} = 98 - 93 = 5
\]
Answer: Loss = 5
---
Problem 4:
-
Cost Price (CP) = 144
-
Selling Price (SP) = 170
Since SP > CP, there is a
Profit.
\[
\text{Profit} = \text{SP} - \text{CP} = 170 - 144 = 26
\]
Answer: Profit = 26
---
Problem 5:
-
Cost Price (CP) = 54
-
Selling Price (SP) = 45
Since SP < CP, there is a
Loss.
\[
\text{Loss} = \text{CP} - \text{SP} = 54 - 45 = 9
\]
Answer: Loss = 9
---
Final Answers:
1. Profit = 35
2. Loss = 68
3. Loss = 5
4. Profit = 26
5. Loss = 9
\boxed{
\begin{aligned}
&\text{1. Profit = 35} \\
&\text{2. Loss = 68} \\
&\text{3. Loss = 5} \\
&\text{4. Profit = 26} \\
&\text{5. Loss = 9}
\end{aligned}
}
Parent Tip: Review the logic above to help your child master the concept of profit and loss worksheet.
