Profit and Loss

The term used to describe money gained after a sale.

• cost price
• selling price
• profit 
• loss

The term used to describe money gained after a sale.

• cost price
• selling price
• profit 
• loss

What is meaning of loss?

• Difference between marked price and selling price

• Difference between cost price and marked price

• Difference between selling price and cost price

• All of the above

Jamie builds and sells boxes for worm farms. The materials to build cost $13. She sells the boxes for $20. How much profit will Jamie make?

• $7

• $27

• $13

• $20

Jackie is making lemonade. She buys sugar, lemons, and cups for $17. She made $41 from selling the lemonade. What is her profit?

• $58

• $17

• $24

• $41

Tom helped his uncle move. He spent $30 for gas for his truck, and $20 for work gloves. His uncle paid him $200 for his help. What was Tom's profit?

• $50

• $150

• $250

• $30

What is the percentage profit if Tony buys a watch for $50 and sells it for $60?

• 20%
• 25%
• 16.6%
• 16.7%

If James sells his car for $1,000 and bought it for $2500. What is the percentage loss made on the car.

• 15%
• 10%
• 60%
• 150%

Calculate the percentage profit if an item is bought for $42 and sold for $52.50

• 20%
• 25%
• 80%
• 22%

A book purchased for $20 and sold for $15 is a ..

• Profit of $5

• Loss of $5

• Profit of $35

• Loss of $35