Profit and Loss Worksheet

This worksheet covers fundamental concepts of profit and loss, including calculating profit, loss, profit percentage, and loss percentage for Grade 9 students.

Grade 9 Math Financial LiteracyProfit and Loss

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Includes

Fill in the BlanksMultiple ChoiceShort AnswerTrue / False

Standards

CCSS.MATH.CONTENT.7.RP.A.3CCSS.MATH.CONTENT.7.EE.B.3

Topics

MathFinancial LiteracyProfitLossPercentage

6 sections · Free to use · Printable

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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. 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. Profit or loss is always calculated on the price.

4. The formula for profit percentage is (Profit / Cost Price) × .

5. The formula for loss percentage is (Loss / Cost Price) × .

1. A shopkeeper buys an item for $100 and sells it for $120. What is the profit?

$10

$20

$30

2. If an article is bought for $50 and sold for $45, what is the loss?

$10

$15

1. A vendor buys 100 apples at $2 each. He sells 80 apples at $3 each and the remaining 20 apples at $1.50 each. Calculate his total profit or loss.

2. Sarah bought a bicycle for $250. She spent $50 on repairs and then sold it for $350. Find her profit percentage.

3. A merchant bought an old refrigerator for $800 and spent $120 on its repairs. He then sold it at a loss of 10%. Find the selling price of the refrigerator.

1. Profit is calculated as Selling Price - Cost Price.

True

False

2. Loss percentage is calculated on the selling price.

True

False