Profit and Loss Worksheet

Grade 6 math worksheet covering profit, loss, cost price, selling price, and related calculations with real-world scenarios.

Grade 6 Math Financial LiteracyProfit and Loss

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Includes

Fill in the BlanksMultiple Choice2 Short AnswerTrue / False

Standards

CCSS.MATH.CONTENT.6.RP.A.3.C

Topics

mathgrade 6profitlossfinancial literacy

7 sections · Free to use · Printable

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Profit and Loss

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Read each question carefully and solve the problems related to profit and loss. Show your work where necessary.

1. When the selling price is greater than the cost price, there is a .

2. When the cost price is greater than the selling price, there is a .

3. The price at which an item is bought is called the price.

4. The price at which an item is sold is called the price.

1. If a book is bought for $10 and sold for $12, what is the profit?

$10

$12

2. A toy car was bought for $15 and sold for $10. What is the loss?

$10

$15

$25

1. A shopkeeper bought a bicycle for $80 and sold it for $105. Calculate the profit.

2. Sarah bought a dress for $50. Due to a small tear, she had to sell it for $35. How much loss did she incur?

3. A vendor bought 5 dozen eggs for $18. He sold all of them for $25. Calculate his total profit.

1. Profit occurs when Selling Price > Cost Price.

True

False

2. Loss occurs when Cost Price < Selling Price.

True

False

1. A fruit seller bought 10 kg of apples for $20. He then sold them all at $2.50 per kg. Did he make a profit or a loss, and by how much?

2. Emily made candles at home. The cost of materials for one candle was $3. She sold each candle for $5. If she sold 15 candles, what was her total profit?