Profit or loss

Match the following

• cp

• profit + cp

• loss

• sp-profit

• profit

• sp-cp

• sp

• cp -sp

(a)   + ​ CP = ​ (b)  

• profit
• loss
• revenue
• sp

cp = ​ (a)   + ​ (b)   ​

• sp
• loss
• profit

What needs to be higher than the cost price in order to make a profit?

• Selling price

• Market price

• Discounted price

• Wholesale price

What is the first step in profit and loss calculations?

• Determining the selling price

• Calculating the profit margin

• Finding the total revenue

• Determining the cost price

How is loss calculated if the selling price is lower than the cost price?

• By subtracting the selling price from the cost price

• By adding the selling price to the cost price

• By multiplying the selling price with the cost price

• By dividing the selling price by the cost price

The selling price is the price at which the item will be sold to the ___

Will the shop keeper gets

• Profit

• loss

Calculate its total profit or loss

• Profit 1500

• Profit 150

• Loss 150

• Loss 1500

Calculate its Profit / Loss for one shirt based on the scenario

• Profit 150

• Profit 1500

• Loss 150

• Loss 1500