Profit or loss
Someone buys a thing, such as a board game for $48, then sells it for a different price. Did they make a profit or a loss, and how much?
It's one subtraction, bigger price take smaller. Some stories give the selling price first, so the story has to be read rather than taking the first number as the cost.
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What changes each time
- Whole dollars, or cents for small things
- Profit and loss equally likely, never break-even
- Pencils, kites, bikes and more
More money and profit practice
- Counting coins (Grade 2)
- Buying and selling the same thing again (Grade 3)
- Making change from the coins you have (Grade 3)
- Keeping a running total of money (Grade 3)
- Profit and loss from a table (Grade 4)
- Best price after discount (Grade 4)
- Buying and selling problems (Grade 5)
- Selling price to reach a target (Grade 6)