📊 Part 1: Understanding Profit and Loss

Key Formulas:

• Profit % = (Profit ÷ Cost Price) × 100

• Loss % = (Loss ÷ Cost Price) × 100

• Profit = Selling Price - Cost Price (when SP > CP)

• Loss = Cost Price - Selling Price (when CP > SP)

1. A school canteen buys sandwiches for $3.50 each and sells them for $5.00 each. What is the profit percentage?

2. Sarah bought a concert ticket for $80 but had to sell it for $65. What is her loss percentage?

3. A local café purchases coffee beans for $12 per kg and sells coffee made from those beans at a 40% profit. What is the selling price per kg?

💼 Part 2: Business Scenarios

4. Complete the table for this small business selling handmade jewellery:

Item	Cost Price	Selling Price	Profit/Loss	Profit/Loss %
Necklace	$25	$35	_______	_______
Bracelet	$18	$15	_______	_______
Earrings	$12	$20	_______	_______

5. A charity fundraiser bought 50 raffle tickets at $2 each and sold them all for $4 each. Calculate:

a) Total cost price: $__________

b) Total selling price: $__________

c) Total profit: $__________

d) Profit percentage: __________%

6. Multiple Choice: A shop buys items for $60 and wants to make a 25% profit. What should the selling price be?

$75

$85

$65

$80

🧮 Part 3: Problem Solving

7. Jake runs a small business selling phone cases. He bought 20 cases for $8 each. He sold 15 cases for $15 each and had to sell the remaining 5 cases for $6 each due to damage. Did Jake make a profit or loss overall? Calculate the percentage.

8. A local bakery has the following weekly results. Calculate the overall profit or loss percentage:

• Cost of ingredients and supplies: $850

• Total sales revenue: $1,190

Show your working:

9. Explain in your own words: Why is it important for businesses to calculate profit and loss percentages rather than just dollar amounts?

Profit and Loss Percentages

Profit and Loss Percentages

📊 Part 1: Understanding Profit and Loss

💼 Part 2: Business Scenarios

🧮 Part 3: Problem Solving

About This Worksheet

Free in Kuraplan

Print-Ready

AI-Generated

For Teachers & Parents

Need a custom version of this worksheet?

More Maths Worksheets

Fraction, Decimal, Percentage Conversions

Percentage Mastery Worksheet

Percentage Problems Worksheet

Percentage Problems Practice

Understanding Percentages Worksheet

Understanding Percentages Worksheet

Percentage Discount Shopping

Calculating Absolute Percentage Error

Explore more free resources