Profit and Loss Percentages
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Profit and Loss Percentages
📊 Part 1: Understanding Profit and Loss
Key Formulas:
• Profit % = (Profit ÷ Cost Price) × 100
• Loss % = (Loss ÷ Cost Price) × 100
• Profit = Selling Price - Cost Price (when SP > CP)
• Loss = Cost Price - Selling Price (when CP > SP)
💼 Part 2: Business Scenarios
| Item | Cost Price | Selling Price | Profit/Loss | Profit/Loss % |
|---|---|---|---|---|
| Necklace | $25 | $35 | _______ | _______ |
| Bracelet | $18 | $15 | _______ | _______ |
| Earrings | $12 | $20 | _______ | _______ |
a) Total cost price: $__________
b) Total selling price: $__________
c) Total profit: $__________
d) Profit percentage: __________%
🧮 Part 3: Problem Solving
• Cost of ingredients and supplies: $850
• Total sales revenue: $1,190
Show your working:
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