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Introduction to cost price and selling price

Introduction to cost price and selling price

Assessment

Presentation

Mathematics

5th Grade

Easy

CCSS
6.NS.B.3, 6.RP.A.3B, 7.RP.A.3

+8

Standards-aligned

Created by

benjamin sorinola

Used 11+ times

FREE Resource

6 Slides • 14 Questions

1

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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.

1

True

2

False

8

Multiple Choice

Profit = Selling Price - Cost Price

1

True

2

False

3

Both options

4

Can't tell

9

Multiple Choice

If S.P > C.P then we will have

1

profit

2

Loss

3

Discount

4

None of the above

10

Multiple Choice

What does S.P refers in profit and Loss?

1

Selling Price

2

Short Price

3

Both of them

4

None of them

11

Multiple Choice

The term used to describe money gained after a sale.
1
cost price
2
selling price
3
profit 
4
loss

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?

1

profit

2

loss

3

neither

13

Multiple Choice

If C.P > S.P then we will have

1

profit

2

Loss

3

Discount

4

None of the above

14

Multiple Choice

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

1

$25

2

$15

3

-$15

4

$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?

1

30.00

2

20.00

3

50.00

4

10.00

16

Multiple Choice

Reena sold a carpet for N10,000, cost price of the carpet was 8000, find the profit or loss.

1

2000 profit

2

8000 profit

3

2000 loss

4

8000 loss

17

Multiple Choice

Calculate S.P if C.P is N3,400 and profit is N400.

1
3800
2
3000
3
2600
4
4200

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?

1

$50

2

$150

3

$250

4

$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

1

profit

2

loss

3

don't know

20

Multiple Choice

Daniel bought a book for $5 and sold for $4 dollars. What was the loss.

1

$4

2

$5

3

$1

4

$2

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