Profit and Loss

Profit and Loss guide for students with meaning, examples, revision points, and related learning support.

Profit and Loss is an important Maths topic for students who want a quick, reliable study reference.

This guide explains the meaning, core idea, common uses, and exam relevance of Profit and Loss in simple language. Use it for class revision, homework support, project preparation, and quick concept recall before tests.

When studying this topic, first understand the definition, then connect it with examples from textbooks, classroom notes, and everyday situations. Write the key points in your own words and revise them with related SaralStudy resources.

  • Read the concept carefully and note the keywords.
  • Practise one or two examples after reading.
  • Use related pages to revise connected topics.

Profit and Loss: Explanation, Formulae and Practice

These topics connect maths with money decisions. Always identify cost price, selling price, principal, rate and time before using a formula.

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Profit and Loss visual revision aid

Practical Formulae

  • Profit = selling price - cost price.
  • Loss = cost price - selling price.
  • Profit percentage = (profit / cost price) x 100.
  • Simple interest = (principal x rate x time) / 100.
  • Amount = principal + interest.

Solved Example

Question: An item is bought for Rs. 500 and sold for Rs. 575. Find the profit percentage.

Working: Profit = 575 - 500 = 75. Profit percentage = (75 / 500) x 100.

Result: Profit percentage = 15%.

Unanswered Practice Questions

Try these yourself before checking notes or calculators.

  1. Find the loss percentage when CP is Rs. 800 and SP is Rs. 720.
  2. Find simple interest on Rs. 5,000 at 8% per year for 2 years.
  3. A shopkeeper marks an item at Rs. 1,200 and gives 10% discount. Find the selling price.

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