
Introduction to cost price and selling price
Presentation
•
Mathematics
•
5th Grade
•
Easy
+8
Standards-aligned
benjamin sorinola
Used 11+ times
FREE Resource
6 Slides • 14 Questions
1
2
What is Cost Price and Selling Price ?
Cost price
When you buy an item, the cost of the item is called cost price.
Selling Price
When you sell an item, the price you sold the item is called the selling price .
3
Profit: this is made when cost price is less than selling price.
Example
If the cost price of a chocolate is $10 and selling price is $15.
Will I make profit or Loss from this sale?
4
Profit: this is made when cost price is less than selling price.
Solution
When Cost price is less than selling price it is profit .
Profit = Selling price - Cost price
15- 10 = 5
Profit is made by 5 dollars .
5
Loss: this is made when cost price is more than selling price.
Example
If the cost price of a chocolate is $22 and I sold it for $15.
Will I make profit or Loss from this sale?
6
Loss: this is made when cost price is more than selling price.
Solution
When Selling price is less than cost price it is Loss .
Loss = Cost price - Selling price
22 - 15 = 7
Loss is 7 dollars .
7
Multiple Choice
If the Cost Price is less than the Selling Price, then there will be a loss.
True
False
8
Multiple Choice
Profit = Selling Price - Cost Price
True
False
Both options
Can't tell
9
Multiple Choice
If S.P > C.P then we will have
profit
Loss
Discount
None of the above
10
Multiple Choice
What does S.P refers in profit and Loss?
Selling Price
Short Price
Both of them
None of them
11
Multiple Choice
12
Multiple Choice
If the cost price of an item is $10 and the selling price is $12, what was made, profit or a loss?
profit
loss
neither
13
Multiple Choice
If C.P > S.P then we will have
profit
Loss
Discount
None of the above
14
Multiple Choice
Find the loss of an item that cost $190 and sold for $175.
$25
$15
-$15
$30
15
Multiple Choice
If you own a boutique that sells T-shirts. If each cost you $7.00 each and you sell at $10.00. How much profit can you make if you sell 10 T-shirts?
30.00
20.00
50.00
10.00
16
Multiple Choice
Reena sold a carpet for N10,000, cost price of the carpet was 8000, find the profit or loss.
2000 profit
8000 profit
2000 loss
8000 loss
17
Multiple Choice
Calculate S.P if C.P is N3,400 and profit is N400.
18
Multiple Choice
Tom helped his uncle to move some items. He spent $300 on petrol for his truck and $200 on work gloves. His uncle paid him $650 for his help. What was Tom's profit?
$50
$150
$250
$30
19
Multiple Choice
If Bryan on a trip to India bought a hoverboard for Rs.45000 and sold it for Rs.34000. Is it a profit or a loss
profit
loss
don't know
20
Multiple Choice
Daniel bought a book for $5 and sold for $4 dollars. What was the loss.
$4
$5
$1
$2
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