Profit and Loss

Introduction

In this WebQuest we will learn about Profit and Loss.

Profit: If the selling price is more than the cost price, there is a Profit.

Formula for Profit : Selling Price - Cost Price

Loss: If the selling price is more than the cost price, there is a Loss.

Formula for Loss: Cost Price - Selling Price

Task

Divide yourself in groups of 6 Solve the following :

1) Reena sold a carpet for rupees 10,000 at a profit rupees 2,000. Find the price at which she bought it.

2) Sharad bought one quintal of onions for Rs2000. Later he sold them all at the rate 18 per kg. Did he make a profit or incur a loss? How much was it ?

 

Process

Watch these videos to know more about profit and loss.

Evaluation

Use this rubric for evaluation purpose:

http://rubistar.4teachers.org/index.php?ts=1615132449

Conclusion

Profit and loss percentage are used to refer to the amount of profit or loss that has been incurred in terms of percentage. It should be noted that the percentage is one of the methods for comparing two quantities.

Credits