Profit and Loss- Calculating the Selling Price
The cost price is the original price of an item.
The selling price is the new price which an item will be sold for. It may be more or less than the cost price.
If the selling price is more than the cost price, a profit has been made.
If the selling price is less than the cost price, a loss has been made.
(e.g) Mia bought a phone for $600. She sells it to make a profit of $200. Calculate the selling price.
Selling Price= Cost Price + Profit
$600 + $200
= $800
(e.g) The cost price of this tablet is $500. It is sold and makes a loss of $100. Calculate the selling price of the tablet.
Selling Price= Cost Price - Loss
$500 - $100
= $400
1. The cost price of my laptop is $1290. I sold it to my friend and made a profit of $220. Calculate the selling price.
2. The original price of an item is $550. If it is sold and makes a loss of $90, calculate the selling price.
3. My teacher bought a textbook for $35. 80. She sells it 2 years later and makes a loss of $5. 90. What was the selling price of the book?
Complete the table below by calculating the selling price.
Cost Price Profit Loss Selling Price
4. $400 $89.10
5. $328 $49
6. $1900 $345
7. $2450 $ 275
8. A man pays $52.00 each month for 4 months to buy a PlayStation.
a. How much did he pay in all for the PlayStation.
b. If he sold it and made a loss of $38.99, what was the selling price?
9. The cost price of a printer is $425.00. It is sold again to make a loss of $28.50. What was the selling price?
10. Calculate the selling price if a loss of $129.75 was made on an item which originally cost $550.78.
Profit and Loss - Percentages
1. Nicholas bought his bicycle for $300. He sold it to his friend and made a 10% profit.
a. Calculate the profit.
b. Calculate the selling price.
2. The cost price of a TV is $600. It is sold again to make a 10% profit.
a. Calculate the profit.
b. Calculate the selling price.
3. A carpenter buys a saw for $700. He sells it and makes a 10% loss.
a. Calculate the loss.
b. Calculate the selling price.
4. Javonte bought a parrot for $30. He sells it Jazier and makes a 10% loss.
a. Calculate the loss.
b. How much did Jazier pay?
5-8.
9. The original cost of a box of blocks is $3000. It is sold to make a 25% profit. Calculate the selling price.
10. My granny bought her bed for $1200. She sold it years later and made a 30% loss. Calculate the selling price.
Thursday, Feb 25, 2021
CP= $500
Loss= 40%
SP =
CP= $300
Loss= 70%
SP=
CP= $400
Loss= 20%
SP=
CP= $1000
Loss= 35%
SP=
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