Class V Profit and Loss

What is selling price?

• Price at which we buy the things.

• Price at which we sell the things.

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

If Selling price > Cost price, it will be

• Profit

• Loss

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

If the Cost price of 1 pen is Rs. 50 and Selling price is Rs. 70, then what is the profit ?

• Rs. 20

• Rs. 50

• Rs. 70

• Rs. 120

If CP > SP, then profit is made from this transaction.

• True

• False

If the selling price of table is Rs 400 and Cost price is Rs 800, then

• Profit = Rs. 400

• Loss = Rs 400

How we calculate profit?

• Profit = SP - CP

• Profit = CP- SP

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Dia bought rice bag rupees 500 per bag. Due to spoilage, she had to sold them for rupees 450 per bag. Find Profit or Loss

• Loss = Rs 50

• Profit = Rs 50

• Loss = Rs 500

• Profit = Rs 950

Mr Ravi bought a washing machine for rupees 15,000 and sold it for rupees 17,000. Find his profit or loss

• Profit= Rs. 2000

• Loss = Rs 2000

How we calculate Loss ?

• Loss = SP -CP

• Loss = CP -SP

Tags

CCSS.6.EE.A.2

CCSS.6.EE.B.6

CCSS.6.NS.C.5

If you want to sell the watch on profit, then____

• Selling price of watch is greater than its Cost price.

• Cost price of watch is greater than its Selling price .