Profit and Loss | Baamboozle - Baamboozle | The Most Fun Classroom Games!

English 10 Public

Solving profit and loss

Study Slideshow

What is profit?

The financial gain earned from a business transaction or activity.

What is loss?

A financial decrease

How is profit calculated?

SP - CP

How is loss calculated?

CP - SP

If the selling price is higher than the cost price, is it a profit or a loss?

Profit

If the selling price is lower than the cost price, is it a profit or a loss?

Loss

If the selling price is $20000 and the cost price is $14000, what is the profit?

$6000

If the selling price is $50 and the cost price is $70, what is the loss?

$20

If the selling price is $500 and the cost price is $800, what is the loss?

$300

If the selling price is $4000 and the cost price is $1800, what is the profit?

$2200