Understanding Profit and Loss

A shopkeeper buys a toy for $20 and sells it for $25. He gets

• a profit of $25

• a loss of $20

• a profit of $5

• a loss of $15

A fruit seller buys an apple for $1 and sells it for $0.80. He gets

• a loss of $0.20

• a loss of $0.10

• a profit of $0.50

• a profit of $0.20

A book costs $15 to buy and is sold for $18. What is the result?

• Loss of $15

• Profit of $3

• Profit of $5

• Loss of $10

A pen is bought for $2 and sold for $1.50. What happens?

• Loss of $2.50

• Profit of $2.50

• Profit of $1.50

• Loss of $0.50

A shirt costs $30 and is sold for $35. What is the outcome?

• Loss of $15

• a) Profit of $5

• no profit and loss

• Profit of $10

A bag is bought for $50 and sold for $45. What is the result?

• Loss of $5

• Profit of $10

• Loss of $15

• Profit of $45

A pencil costs $0.50 and is sold for $0.75. What happens?

• Profit of $0.10

• Loss of $0.50

• Loss $0.75

• Profit of $0.25

A chair is bought for $100 and sold for $90. What is the outcome?

• Profit of $10

• Loss of $10

• Profit of $90

• Loss of $5

A bicycle is purchased for $200 and sold for $250. What is the result?

• Profit of $50

• Loss of $25

• Profit of $150

• Loss of $100

A video game costs $60 and is sold for $55. What happens?

• Loss of $5

• Profit of $5

• Loss of $15

• Profit of $10