Profit and Loss Worksheet

0 problems

‘Profit’ and ‘Loss’ are two terms that are used to identify whether a transaction is profitable or not. If the cost price is greater than that of the selling price, it is known as a loss. Likewise, if the selling price is greater than the cost price, it is known as a profit.


  • The cost price is the price at which the item is bought. 
  • The selling price is the price at which the item is sold. 
  • For example, Ram buys an article at $5 and sells it at $10. Here, $5 is the cost price and $10 is the selling price.
Grade 7
Signed Number Operations

Teaching Profit and Loss Easily 


  • Firstly, identify the cost price and selling price. 
  • Secondly, deduct the cost price from the selling price. 
  • If the answer comes in negative, it signifies that the transaction is negative, i.e., a loss. If the answer comes positive, it means that the transaction is positive, i.e., a profit.

                                        Profit Formula = Selling Price - Cost Price 

                                        Loss Formula = Cost Price - Selling Price 




Here is an example to solve the problem of profit and loss. 


Suppose, Rames...

Show all

What teachers are saying about BytelearnWhat teachers are saying

Stephen Abate
19-year math teacher
Carmel, CA
Any math teacher that I know would love to have access to ByteLearn.
Jennifer Maschino
4-year math teacher
Summerville, SC
“I love that ByteLearn helps reduce a teacher’s workload and engages students through an interactive digital interface.”
Rodolpho Loureiro
Dean, math program manager, principal
Miami, FL
“ByteLearn provides instant, customized feedback for students—a game-changer to the educational landscape.”