Profit and Loss

The term used to describe money gained after a sale.

• cost price
• selling price
• 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

Find the profit: Cost Price = $120, Selling Price = $180.

• $80

• $20

• -$20

• $60

Dicount =

• selling price - marked price

• marked price - selling price

• marked price - cost price

• cost price - marked price

The Cost Price of an item is $20.00, the Selling Price of the item is now $25.00. What did the owner get?

• Profit

• Loss

Nathalia purchased a book for $18.50 and sold it for $20.00. Nathalia's profit was (a)   .

Lauren bought a pants for $120.50 and sold it to her sister for $105.50. Lauren received a

• Profit

• Loss

Selling Price - Cost Price = Profit

• True

• False

Selling Price - Cost Price = Loss

• True

• False

You purchased a Bluetooth headphone for $200.00 and sold it for $220.50. Your profit was (a)