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Activity 1:
Activity 2:
Activity 3:
Activity 4:
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Profit and Loss - Calculating the Selling Price
Example 1: Calculating the selling price (S.P) when there is a LOSS
To calculate the selling price when there is a loss, you must subtract.
Selling Price = Cost Price - Loss
(e.g) Calculate the selling price of an item when the cost price is $50 and the loss is $8.
S.P = C.P - Loss
$50 - $8 = $42
Example 2: Calculating the selling price (S.P) when there is a PROFIT
To calculate the selling price when there is a profit, you must add.
Selling Price = Cost Price + PROFIT
e.g) Calculate the selling price of an item when the cost price is $80 and the profit is $5.
S.P = C.P + Profit
$80 + $5 = $85
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1. A TV was bought for $1890 and old at a loss of $ 280. Find the selling price.
2. The cost price of a second-hand car was $1900 and made a loss of $ 255. Find the SP of the car.
3. The cost price of my PlayStation was $459. I sold it online and made a profit of $38.20. Calculate the selling price.
4-5. Complete:
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Reading Practice
The earth is losing its forests. Presently, trees cover about 30 percent of the earth's surface, but they are being destroyed at an alarming rate, especially in the tropics. Timber harvesting is a major reason for the destruction of forests. Trees are used for building houses, making furniture, and providing pulp for paper products, such as newspapers and magazines.
Another way that man is destroying the world's forests is by burning them down. In the Amazon, for example, rainforests are being burnt down at a rate of 20 acres a minute. The main reason for this is to clear the land for farming. Farmers in rainforest countries are often poor and cannot afford to buy land. Instead, these farmers clear rainforest land to raise their animals or grow their crops. Since tropical rainforest soil is so poor in nutrients, farmers cannot reuse the same land year after year. In the following years, farmers just clear more land, destroying the forest piece by piece. Already more than 30 tropical countries have reached a critical level of forest destruction and exporters of timber such as Nigeria and Thailand now have to import timber.
Should we be worried about the loss of the forests? Yes, we should. Healthy trees are a vital part of the environment, and keep the entire balance of the atmosphere agreeable to all life forms. Forests are catchment areas for rainwater, holding the rainwater in the leaves of the trees, so that it will not sink so quickly into the earth's crust. Furthermore, the forests help maintain the water cycles in the area. The masses of clouds that provide the rain are formed over the moist forests. Thus, the destruction of forests may also lead to a reduction in rainfall over the area, resulting in drought.
1. How much of the Earth's surface is covered by forests?
2. What is the main reason why forests are being destroyed?
3. Give a word that can be used to replace 'making' in paragraph 1.
4. Why do farmers in some countries clear rainforest land?
5. Give a word to replace 'critical' in paragraph 2.
6. Why are farmers not able to reuse the same land year after year?
7. In paragraph 3, what will be the effect of the destruction of the rainforests?
Homework
Section A- Calculating the Selling Price
(PLEASE CHECK TODAY's EXAMPLES)
1. Bob bought a cycle for $3725. After using it for few months he sold it for a loss of $589. Find the selling price of the cycle.
2. Mark bought a tablet for $275. She sold it for a loss of $52.78. Find the selling price of the house.
Section B - Calculating the Profit/ Loss (PLEASE CHECK YOUR EXAMPLES FROM MONDAY)
PROFIT/LOSS = Selling Price - Cost Price
3. The cost price of a toy is $89. It is sold for $125. What was the profit?
4. My mother bought her car for $5000. She sold it for $5829. What was her profit?
5. Nathaniel purchased his laptop for $899.90. He later sold it for $729.50. What was his loss?
6. The original price of a fan is $59. If it sold for $45.05, what is the loss?
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