Bill, Profit and Loss — Class 6 Maths (Samacheer Kalvi)
TN State Board (Samacheer Kalvi) Class 6 Mathematics, Term 2 — Chapter 3. Bills, and the basics of profit and loss.
1. About this chapter
This chapter covers bills — reading and preparing them — and the basic concepts of profit and loss.
2. Bills
- A bill lists the items bought, the rate (price per unit), the quantity, and the amount for each item, with the total at the bottom.
- Amount for an item = rate × quantity; the total bill is the sum of all the amounts.
3. Cost price and selling price
- The cost price (CP) is the price at which an article is bought.
- The selling price (SP) is the price at which it is sold.
4. Profit and loss
- If SP > CP, there is a profit: Profit = SP − CP.
- If SP < CP, there is a loss: Loss = CP − SP.
- If SP = CP, there is no profit and no loss.
5. Worked examples
Example 1. A pen costs ₹15 each. Find the amount for 4 pens. 15 × 4 = ₹60.
Example 2. CP = ₹250, SP = ₹300. Find the profit. 300 − 250 = ₹50 profit.
Example 3. CP = ₹180, SP = ₹150. Find the loss. 180 − 150 = ₹30 loss.
6. Exercises (Samacheer Kalvi)
- Prepare a bill: 3 notebooks at ₹40 each and 2 pens at ₹15 each. Find the total.
- CP = ₹500, SP = ₹560. Find the profit.
- CP = ₹720, SP = ₹650. Find the loss.
- A shopkeeper buys a toy for ₹200 and sells it for ₹200. State the profit or loss.
- Find the total bill: 5 kg rice at ₹48 per kg and 2 kg sugar at ₹42 per kg.
7. Common mistakes
- Mistake: Subtracting in the wrong order. Fix: Profit = SP − CP; Loss = CP − SP (the larger minus the smaller).
- Mistake: Forgetting to multiply rate by quantity in a bill. Fix: Amount = rate × quantity for each item.
- Mistake: Thinking equal CP and SP is a small profit. Fix: If SP = CP, there is no profit and no loss.
8. Quick revision
- Term 2 · Ch 3 · bill, profit and loss.
- Bill: amount = rate × quantity; total = sum of amounts.
- CP = buying price, SP = selling price.
- Profit = SP − CP (when SP > CP); Loss = CP − SP (when SP < CP); equal = no profit/loss.
