A successful business

What is a cost?

• the item you receive after you pay

• the amount of money paid for something

What is selling price?

• is the price the consumer pays.

• is the money the producer uses.

• the different between cost and selling price.

A successful business makes a profit, not a ..............

• selling price

• loss

• money

The difference between the cost and the selling price is the .........................

• profit

• loss

• cost

Cost price = 2290

Selling price = 2498

• Profit

• loss

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

• $25

• $15

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

• profit

• loss

Talal bought a toy for 50 SAR and he sold it next day for 75 SAR.

Did he make a loss or a profit?

• loss

• profit