Profit or Loss Scenarios

A bakery sold a cupcake for ₹300. The ingredients used to make the cupcake cost ₹350. Did the bakery make a profit or loss?

• profit

• loss

A toy store sold a teddy bear for ₹2000. The teddy bear was bought from the supplier for ₹1500. Did the toy store make a profit or loss?

• profit

• loss

A lemonade stand sold a glass of lemonade for ₹150. The cost of making the lemonade was ₹75. Did the lemonade stand make a profit or loss?

• profit

• Loss

A farmer sold a dozen eggs for ₹400. The cost of feeding the chickens to produce the eggs was ₹350. Did the farmer make a profit or loss?

• loss

• profit

A bookstore sold a novel for ₹1200. The bookstore bought the novel from the publisher for ₹1000. Did the bookstore make a profit or loss?

• profit

• loss

A clothing store sold a t-shirt for ₹1500. The t-shirt was bought from the manufacturer for ₹1200. Did the clothing store make a profit or loss?

• profit

• loss

The ingredients for a whole pizza is ₹100. The whole pizza was cut into 10 slices and one slice was sold for ₹50. Did the pizza restaurant make a profit or loss?

• loss

• profit

A flower shop sold a bouquet for ₹250. The roses used in the bouquet cost ₹30 and the lilies used in the bouquet cost ₹55. Did the flower shop make a profit or loss?

• profit

• revenue

What does the word profit mean?

What does the word loss mean?