The DAV Books Solutions Class 5 Maths and DAV Class 5 Maths Chapter 11 Worksheet 2 Solutions of Profit and Loss offer comprehensive answers to textbook questions.
DAV Class 5 Maths Ch 11 Worksheet 2 Solutions
Question 1.
Solve the following questions.
(a) A vegetable seller bought potatoes for ₹ 200. He spent ₹ 20 on transport and then sold them for ₹ 290. Find the profit or loss.
Solution:
C.P. of potato = ₹ 200
Transport Charges = ₹ 20
Actual cost price of the potatoes = ₹ 220
Selling price of the potatoes = ₹ 290
Since the selling price is more than C.P. vegetable seller makes a profit.
Profit = S.P. – C.P.
= ₹ 290 – ₹ 220
= ₹ 70
Thus vegetable seller makes a profit of ₹ 70
(b) Mr Gupta bought a car for ₹ 40,000. He spent ₹ 8,000 for painting it. If he sold the car for ₹ 53,000 find the gain or loss.
Solution:
C.P. of car = ₹ 40,000
Money spent on painting = ₹ 8,000
Actual C.P. of car = ₹ 48,000
S.P. of the car = ₹ 53,000
Since, S.P. > C.P., he makes a profit
Gain = S.P. – C.P.
= ₹ 53,000 – ₹ 48,000
= ₹ 5,000
Thus, Mr Gupta gains a profit ₹ 5,000.
(c) Ramlal purchased a plot for ₹ 1,35,000. He constructed a boundary wall around it which cost him ₹ 25,500. If he sold the plot for ₹ 1,90,500. Find the gain or loss.
Solution:
C.P. of plot = ₹ 1,35,000
Cost of boundary wall = ₹ 25,500
Actual cost of plot = ₹ 1,60,500
S. P. of plot = ₹ 1,90,500
Since, S.P. > C.P., Ramlal make a profit
Gain = S.P. – C.P.
= ₹ 1,90,500 – ₹ 1,60,500
= ₹ 30,000
So, Ramlal gained a profit of ₹ 30,000.
(d) A merchant bought a sofa set for ₹ 18,000. He sold it to his friend for ₹ 15,750. If the merchant had spent ₹ 2,500 on transport, find his gain or loss.
Solution:
C.P. of sofa set = ₹ 18,000
S.P. of sofa set = ₹ 15,750
Transport charges = ₹ 2,500
Actual C.P. of sofa set = ₹ 18,000 + ₹ 2,500 = ₹ 20,500
Since, S.P. < C.P., so, the merchant has a loss
Loss = C.P. – S.P.
= ₹ 20,500 – ₹ 15,750
= ₹ 4,750
So, the merchant had a loss of ₹ 4,750.
(e) A property dealer purchased a house for ₹ 1,50,000. He spent ₹ 15,000 on repairing the house. After six months, he sold the house for ₹ 2,15,000. Find the gain or loss of the property dealer.
Solution:
C.P. of property = ₹ 1,50,000
Amount spent on repairing = ₹ 15,000
Actual cost of property = ₹ 1,65,000
S.P. of property = ₹ 2,15,000
Since, S.P. > C.P., property dealer makes a profit
Gain = S.P. – C.P.
= ₹ 2,15,000 – ₹ 1,65,000
= ₹ 50,000
So, the property dealer gained a profit of ₹ 50,000.
Word Problem
Example.
Rohit buys a chair for ₹ 400. He pays ₹ 50 as transport charges and sells it to Mr. Varan for ₹ 520. Find the profit or loss.
Solution:
C.P. of chair = ₹ 400
Transport charges = ₹ 50
Actual cost price of the chair = ₹ 450
Selling price of the chair = ₹ 520
Since S.P. is more than C.P. Rohit makes a profit.
Profit = S.P. – C.P.
= ₹ 520 – ₹ 450
= ₹ 70
Thus Rohit made a profit of ₹ 70.