Profit and Loss Worksheet
A Grade 10 Math worksheet covering profit, loss, cost price, selling price, and percentages for financial literacy.
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Profit and Loss Worksheet
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Read each question carefully and answer to the best of your ability. Show all your work for calculations.
1. If the Cost Price (CP) of an item is $500 and the Selling Price (SP) is $650, what is the profit?
$100
$150
$200
$250
2. A shopkeeper bought an article for $800 and sold it for $720. What is the loss percentage?
8%
10%
12%
15%
1. When Selling Price is greater than Cost Price, there is a .
2. Loss percentage is calculated on the price.
3. If an item is sold for $120 after buying it for $100, the profit is .
1. A vendor buys 10 apples for $15 and sells them at $2 each. Calculate the total profit or loss.
2. An article is sold for $450 at a profit of 10%. Find the cost price of the article.
1. Profit is incurred when the selling price is less than the cost price.
True
False
2. The formula for profit percentage is (Profit / Cost Price) * 100.
True
False
The bar graph below shows the cost price and selling price of four different items. Analyze the graph and answer the questions that follow.
1. Which item resulted in a loss?
2. Calculate the profit for Item C.