Profit and Loss Calculations

Name: ___________________________
Date: ___________________________
Remember: Profit = Selling Price - Cost Price | Loss = Cost Price - Selling Price | Profit Margin % = (Profit ÷ Selling Price) × 100

Part A: Calculate Profit or Loss

1.
A shop buys a skateboard for $45 and sells it for $72.
Profit/Loss: $ ________________
2.
A bookstore purchases a novel for $18 and sells it for $25.
Profit/Loss: $ ________________
3.
A furniture store buys a desk for $280 but only manages to sell it for $245.
Profit/Loss: $ ________________
4.
A bakery makes cupcakes for $2.50 each and sells them for $5.00 each.
Profit/Loss: $ ________________

Part B: Calculate Selling Price

5.
A toy costs $12 to make. If the business wants a profit of $8, what should the selling price be?
Selling Price: $ ________________
6.
A clothing store buys shirts for $35 each. They want to make a profit of $20 per shirt.
Selling Price: $ ________________

Part C: Calculate Profit Margin Percentage

7.
A phone case costs $8 to buy and sells for $20. Calculate the profit margin percentage.
Profit: $ ________________
Profit Margin: ________________ %
8.
A cafe buys coffee beans for $15/kg and sells coffee that uses $3 worth of beans for $12.
Profit: $ ________________
Profit Margin: ________________ %

Part D: Word Problems

9.
A sports store bought 20 rugby balls for $30 each. They sold 15 balls for $50 each and the remaining 5 balls for $35 each. Calculate the total profit.
Total Cost: $ ________________
Total Revenue: $ ________________
Total Profit: $ ________________
10.
A market vendor bought fruit for $120 but had to throw away 20% of it due to spoilage. She sold the rest for $140. Did she make a profit or loss, and how much?
Profit/Loss: ________________ of $ ________________