Profit & Loss

If the cost price of an item is $10 and the selling price is $12, was a profit or a loss made?

• profit

• loss

• neither

Tags

CCSS.6.NS.C.7C

Find the loss of an item that cost $190 and sold for $175.

• $25

• $15

• -$15

• $30

Tags

CCSS.7.NS.A.1D

If Leah marks up all items in her store by 25%, what will be the selling price of an item that cost her $60?

• $15

• $80

• $75

• $45

Find the profit: CP = $120, SP = $180

• $80

• $20

• -$20

• $60

Tags

CCSS.7.NS.A.2B

CCSS.7.NS.A.2A

Find the percentage profit: CP = $50, SP = $60

• 110%

• 10%

• 20%

• 16.7%

Tags

CCSS.6.RP.A.3C

Fridges R We have a store wide discount of 10%. How much will a $440 fridge sell for?

• $484

• $430

• $406

• $396

What was the original price of an item which was marked up by 20% and sold for $60?

• $48

• $40

• $50

• We cannot know.

The term used to describe money gained after a sale.

• cost price
• selling price
• profit 
• loss

Tags

CCSS.6.RP.A.3B

If the CP is less than the SP, then there will be a loss.

• True

• False

Tags

CCSS.7.RP.A.3

If a product has a mark-up, it ...

• costs more
• costs less
• costs the same
• is discounted

Tags

CCSS.6.RP.A.3B