Profit or Loss | Definition | Problem Solving |
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What is Loss
Jane buys a blouse for $20 but later resells it for $15. Jane then realizes that she made a _____ after selling.
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What is Loss?
______ occurs when an item is sold for less than the cost price.
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What is $3,850?
Ronald buys a chandelier for $3,500 and sells it at a gain for 10%. For how much does he sell it?
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What is Profit
Jennifer sold her car for 8.5% more than what she originally paid for it. The 8.5% is know as what?
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What is Profit?
______ occurs when an item is sold for more then the cost price.
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What is $74.40?
Sam resells his fan for $80 which he made 7% profit. What is the cost price?
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What is profit
Mila sold her house for $78,000. It took her four months to complete. She spent $27,000 on labour and an estimate of $38,000 In materials. Did she make a profit or loss?
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What is Cost Price?
_______ is know as the original price of an item.
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What is $689
Ron sold his table for $650. He then realizes he made a loss of 6% from original cost price. What is the cost price?
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