Introduction
Howdy-do Math Rockets!!!! 🥳🥳🥳😇
We will be diving into Profit and loss.
Profit is the amount gained by selling a product for more than its original cost price
Getting more money that you started with like Mr. Crabs
Loss
The amount the seller loses after selling the product for less than its cost price is mentioned as a loss.
Cost Price (CP)
The amount paid for a product or commodity purchase is called a cost price.
Selling Price (SP)
The amount for which the product is sold is called the Selling Price. It is usually denoted as SP. Also, sometimes called a sale price.
Task
How to calculate profit and loss
TAKE A SHOT AT ATTEMPTING THIS FUN GAME WITH YOUR GROUP MEMBER 🎮🎲🎮👾🎯🎲
https://www.baamboozle.com/game/1232559
After playing the game write down the questions you weren't sure of how to do
✏️📖📑📝
Process
So Math Rocket to understand more about the topic at hand, let's take a closer look at profit and loss by watching the videos below❗❕❗
Look back at the questions you wrote done
try to answer them with this new additional information