Profit and Loss worksheet for class 5 with answer

Profit and Loss worksheet for class 5 with answer
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Do you have trouble understanding the topics of profit and loss? Look no further, because this study worksheet for Class 5 students is here to help you. With detailed answers provided, you can learn about profit and loss in a fun and easy way!

How can you represent a profit and loss problem as an equation?

A profit and loss problem can be represented as an equation by including the total revenue (TR) and total cost (TC). The equation for Profit and Loss is as follows: Profit or Loss = TR – TC. This shows that, if the revenue is greater than the cost, then a profit will be made. On the other hand, when the revenue is less than the cost, that means there will be a loss.
This equation can be solved either algebraically or graphically. Algebraic methods involve isolating a single variable, such as TR or TC, and then using equations to represent the problem numerically. Graphical methods involve plotting points on a graph and taking each coordinate point to show the relationship between cost and profit. For class 5 with answer, each individual equation should have a specific numerical value assigned to it, while still maintaining the same principles of representing profits and losses through equations. By answering the problem correctly, students will have a clear understanding of how different values affect profit and loss.
Using the equation to solve a profit and loss problem for class 5 with answer can give students in-depth insight into business operations. For example, if the total cost is known and an increase of revenue is required to reach a desired level of profit, a student can use this equation to determine which value needs to be increased. Additionally, students can learn how different expenses (such as labor costs) will affect the overall profit or loss, as well as how certain events such as sales promotions will affect revenue. By using equations to represent profit and loss problems, students gain a better understanding of basic economic principles that they can apply in their day-to-day lives.


Profit and Loss worksheet for class 5 with answer key

Profit and loss worksheets pdf. Download profit and loss class 5 worksheet with answers including profit and loss questions for class 5, MCQ on profit and loss, the concept of cost price, selling price, and profit and loss. Profit and loss grade 5 worksheets consist of 7 pages including the answer key, in the first worksheet concept of profit and loss is explained using a diagram after that questions based on profit and loss are asked, and after that concept of cost price, selling price, finding cost price or selling price based on profit and loss is asked and the formula is also given, after that word problems and MCQ questions on profit and loss are asked.

Profit = S.P - C.P

In case of profit, we can calculate S.P and C.P using

S.P = PROFIT + C.P

C.P = S.P - PROFIT

Loss = C.P - S.P

In case of loss, we can calculate S.P and C.P using

S.P = C.P - LOSS

C.P = S.P + LOSS

profit and loss questions for class 5 pdf

If a store-bought a toy for Rupee 5 and sold it for Rupee 10, what was the profit made by the store?

If a shopkeeper bought 10 pens for $1 each and sold them for $2 each, what was the total profit made?

If a lemonade stand made Rupee30 selling lemonade and spent Rupee10 on supplies, how much profit was made?

A bakery bought flour for $20 and sugar for $5. If they sold 10 cakes for $5 each, how much profit did they make?

If a bookshop bought 100 books for $5 each and sold them for $10 each, what was the profit made by the bookshop?

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