GCSE Secondary Maths Age 13-17 - Number: Profit/Loss - Explained

The video tutorial explains a problem involving buying and selling oranges. Sam buys 20 boxes of oranges, each containing 25 oranges, at a cost of £7 per box. He sells 2/5 of the oranges at 40 pence each and the remaining at three for £0.50. The tutorial walks through the calculations to determine if Sam made a profit or a loss, concluding with a £10 loss. The video emphasizes the importance of organizing information and calculations clearly.

How many oranges did Sam buy in total?

• 400

• 500

• 600

• 700

What was the total cost of the oranges Sam bought?

• £160

• £100

• £120

• £140

How much revenue did Sam generate from selling 2/5 of the oranges?

• £80

• £90

• £70

• £60

How many oranges were left after selling 2/5 of them?

• 350

• 200

• 250

• 300

What was the revenue from selling the remaining oranges?

• £70

• £60

• £50

• £40

What was the total revenue from all the sales?

• £130

• £140

• £150

• £120

Did Sam make a profit or a loss, and by how much?

• £10 profit

• £10 loss

• £20 profit

• £20 loss