Worksheet

Profit And Loss With Rate (Word Problems) Worksheet

0 problems

Profit and loss are the two terms that involve numbers in terms of the selling and buying cost of any product. When you buy or sell something, you can check whether you made a profit on it or a loss by using the profit and loss formulas. The formula for calculating profit/loss is Selling price - Buying Price. If the answer to this equation is positive you made a profit or if the answer is negative, you made a loss.

Grade 7
Signed Number Operations

Teaching Profit and Loss With Rate(word problems) Easily

 

  • If the buying and selling rate of the item is given, it is easy to calculate its profit or loss.


 

  • Profit is a positive number whereas loss is a negative number.


 

Let us take the example below to understand more about Profit and Loss with rate word problems.


 

Example 1: Sam buys a storybook for 20$ and then sells it for 5$ to his friend after reading it. Has he made a profit or loss by selling the book?


 

According to the word problem given, the rate of the storybook while buying was 20 $ whereas the selling rate is $ 5. To find the profit/loss, we will use the formula given below:


 

Loss = Cost Price - Selling Price

         = 20$ - 5$ = 15$

He lost $15 after selling the book to his friend.


 

Why Should You Use a Profit and Loss With Rate Worksheet for Your Students?

 

  • These worksheets will help your students to know more about money.


 

  • Solving these worksheets will help your students quickly calculate the profit or loss whenever they buy or sell anything.


 

Download Profit and Loss With Rate Worksheets PDF

 

You can download and print these super fun profit and loss with rate worksheets pdf from here for your students. You can also try our Profit And Loss With Rate Problems as well for a better understanding of the concepts.

Teaching Profit and Loss With Rate(word problems) Easily

 

  • If the buying and selling rate of the item is given, it is easy to calculate its profit or loss.


 

  • Profit is a positive number whereas loss is a negative number.


 

Let us take the example below to understand more about Profit and Loss with rate word problems.


 

Example 1: Sam buys a storybook for 20$ and then sells it for 5$ to his friend after reading it. Has he made a profit or loss by selling the book?


 

According to the word problem given, the rate of the storybook while buying was 20 $ whereas the selling rate is $ 5. To find the profit/loss, we will use the formula given below:


 

Loss = Cost Price - Selling Price

         = 20$ - 5$ = 15$

He lost $15 after selling the book to his friend.


 

Why Should You Use a Profit and Loss With Rate Worksheet for Your Students?

 

  • These worksheets will help your students to know more about money.


 

  • Solving these worksheets will help your students quickly calculate the profit or loss whenever they buy or sell anything.


 

Download Profit and Loss With Rate Worksheets PDF

 

You can download and print these super fun profit and loss with rate worksheets pdf from here for your students. You can also try our Profit And Loss With Rate Problems as well for a better understanding of the concepts.

Teaching Profit and Loss With Rate(word problems) Easily

 

  • If the buying and selling rate of the item is given, it is easy to calculate its profit or loss.


 

  • Profit is a positive number whereas loss is a negative number.


 

Let us take the example below to understand more about Profit and Loss with rate word problems.


 

Example 1: Sam buys a storybook for 20$ and then sells it for 5$ to his friend after reading it. Has he made a profit or loss by selling the book?


 

According to the word problem given, the rate of the storybook while buying was 20 $ whereas the selling rate is $ 5. To find the profit/loss, we will use the formula given below:


 

Loss = Cost Price - Selling Price

     &nbs...

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