Profit & Loss (Year 6)

What is profit?

• The original price of goods before being sold again.

• Value of money that is decreased because the cost price is higher than selling price.

• Money obtained from seling something after subtracting the cost price.

• The price of goods buyer needs to pay

Ali bought a car for RM230 000 in 2020. He sells the car to Amar for RM215 000 in 2025. Ali has gained a profit from the sale.

• True
• False

Cost price: RM410 000: Selling price: RM500 000. Calculate the profit or loss.

• RM80,000
• RM100,000
• RM70,000
• RM90,000

The cost price for Lia's dress is RM 199. She then resells the dress for RM50. How much is her loss?

• RM 149.99
• RM 149
• RM 199
• RM 50

Loss is value of money that is decreased because the cost price is higher than the selling price.

• True
• False

Siti bought a house for RM600 000 in 2023. She sells the house in 2025 for RM 650 000. What is her profit?

• RM25,000
• RM50,000
• RM100,000
• RM75,000

When the selling price is less than cost price, loss occurs.

• True
• False

The selling price of a television is RM8000 and the profit gained in RM1500. What is the cost price of the television?

• RM6000
• RM7500
• RM7000
• RM6500

Choose the best scenario which shows profit gained.

• Ula buys a book for RM10. She then sells the book to Umi for RM5.

• Boy sells a manggo for RM20. The original price of the manggo is RM 10.

• Cody sold a sticker for RM10 which he bought at a store for RM15.

• Asih sells her ring for RM1500. She bought the ring last year for a price of RM2000.

Leo sells his toy for RM50. The original price for the toy is RM25. Leo has gained more money that he had spent.

• True
• False