Profit and Loss .

Profit and Loss .

Hi lets learn the basic of profit and loss today .

What is Cost Price and Selling Price ?

• Cost price = When you buy something the cost of it is called cost price .

• Selling Price = When you sell something the price which you sold it for is the selling price .

Profit

If the cost price of a chocolate is $10 and selling price is $ 15 is it profit or Loss ?

When Cost price is less than selling price it is profit .

Selling price = 15 - Cost price = 10

= 5

Profit is made by 5 dollars .

Loss

If the cost price of a chocolate is $15 and selling price is $ 10 is it profit or Loss ?

When Cost price is more than selling price it is loss .

Cost price = 15 - Selling price = 10

= 5

Loss is made by 5 dollars .

Multiple Select

Find the profit: CP = ₹120, SP = ₹180

• ₹80

• ₹20

• -₹20

• ₹60

Multiple Choice

state true or false: loss=s.p - c.p

• true

• false

I hope you all understood Profit and Loss

Thank you bye everyone .