Profit and Loss | Class 6 | Practice Set 31

Profit and Loss | Class 6 | Practice Set 31

Profit and Loss Class 6 Practice Set 31, solution of each and every example of this practice set is provided in a pdf file at the end of this post.

If you experience any problem with the loading of pdf then wait for 2-3 seconds it will open automatically and you will be able to see simple solutions of all the questions. If some pages are not loading then try to zoom in to 110% and this should solve your problem.

Also read : Circle | Class 7 | Practice Set 42

For solving these types of examples first we have to read the question very carefully and then we should write whatever is given to us one by one.

After writing all the information we should try to find the total cost price and total selling price of the product mentioned in the example.

If total cost price is more than the total selling price then there is a loss and this loss can be calculated by using the formula, Loss = Total cost price – Total selling price.

If total cost price is less than the total selling price then there is a profit and this profit can be calculated by using the formula, Profit = Total selling price – Total cost price.

Also read : Equations in one variable | Class 8 | Practice Set 12.1

The list of questions answered in the pdf file includes the following questions –

1. The cost price and selling price are given in the following table. Find out whether there was a profit or a loss and how much it was ?
2. A shopkeeper bought a bicycle for 3000 and sold the same for 3400 How much was his profit ?
3. Sunanda bai bought milk for 475. She converted it into yoghurt and sold it for 700. How much profit did she make ?
4. The Jijamata Women’s Saving Group bought raw materials worth 15000 for making chakalis. They sold the chakalis for 22050 rupees. How much profit did the WSG make ?
5. Pramod bought 100 bunches of methi greens for 400. In a sudden downpour, 30 of the bunches on his handcart got spoilt. He sold the rest at the rate of 5 each. Did he make a profit or a loss ? How much ?
6. Sharad bought one quintal of onions for 2000. Later he sold them all at the rate of 18 per kg. Did he make a profit or incur a loss? How much was it ?
7. Kantabai bought 25 saris from a wholesale merchant for 10000 and sold them all at 460 each. How much profit did Kantabai get in this transaction ?

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