Today we're going to learn:
Pack of 10 Chocolate Bars
Sam pays £5.00 to the shop
This is her Cost Price (CP)
💸 Money going OUT of Sam's pocket
Sam Paid:
Cost Price (CP)
Sam Charges:
Selling Price (SP)
The Formula:
Profit = SP - CP
Profit = 80p - 50p
Profit = 30p ✨
For every chocolate bar sold, Sam makes 30p extra!
This extra money is called PROFIT!
✨ Key Point:
Profit happens when SP is MORE than CP
(When you sell for more than you paid!)
Sam Paid:
Cost Price
Quick Sale Price:
Selling Price
When CP is MORE than SP:
Loss = CP - SP
Loss = 60p - 40p
Loss = 20p
⚠️ What Loss Means:
Sam got back 20p LESS than she paid for each pack
But that's okay! Sometimes making a small loss is better than wasting food.
Sam learned something important for next time! 📚
Click your answer:
What's your answer?
✅ Cost Price (CP) - Money you spend to buy things
✅ Selling Price (SP) - Money you get from customers
✅ Profit - When SP > CP (you sell for MORE than you paid)
Calculate: SP - CP
✅ Loss - When CP > SP (you sell for LESS than you paid)
Calculate: CP - SP
📝 Remember These Formulas:
Profit = SP - CP
Loss = CP - SP
Sam says:
"You're brilliant!"
Successful
Tuck Shop!
Maths
Champion!
You can now use profit and loss in real life!
Well done, mathematician! 🚀