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1.03 Profit and loss

Interactive practice questions

Calculate the profit (or loss) when:

a

The selling price is $\$343$$343 and the cost price is $\$134$$134.

b

The selling price is $\$1697$$1697 and the cost price is $\$2853$$2853.

c

The money received is $\$470.78$$470.78 and expenses are $\$333.27$$333.27.

d

The money received is $\$4451.88$$4451.88 and expenses are $\$4520.75$$4520.75.

Easy
3min

Calculate the profit in the following scenarios (where a negative profit represents a loss).

Easy
2min

Calculate the profit in the following scenarios (where a negative profit represents a loss).

Easy
2min

Calculate the cost price when:

Easy
2min
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Outcomes

1.1.5

apply percentage increase or decrease in contexts, including determining the impact of inflation on costs and wages over time, calculating percentage mark-ups and discounts, calculating GST, calculating profit or loss in absolute and percentage terms, and calculating simple and compound interest

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