Understanding Profit and Loss in Mathematics Class V
Explore the topic of profit and loss in Mathematics Class V through learning objectives, worksheets, videos, and explanations of cost price, selling price, profit, and loss. Practice solving real-world problems related to profit and loss to enhance your understanding. Embrace the concept that "Work is Worship" while delving into the fundamentals of financial transactions.
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SUB SUB. .- - MATHEMATICS MATHEMATICS CLASS CLASS V TOPIC TOPIC PROFIT AND LOSS PROFIT AND LOSS V Work is Worship
Chapter PDF Chapter PDF https://drive.google.com/file/d/1wTmN0n2dX2G rMkHc1oIYqPgi5QpK8iF9/view?usp=sharing Click on the link to access the chapter pdf. Work is Worship
LEARNING OBJECTIVES LEARNING OBJECTIVES Define cost price and selling price. Identify the conditions for profit and loss. Differentiate between actual cost price and cost price. Calculate profit and loss in a given transaction. Determine cost price when selling price and profit or loss is given. Determine selling price when cost price and profit or loss is given. Solve day to day problems related to profit and loss. Work is Worship
MINIMUM LEVELS OF LEARNING MINIMUM LEVELS OF LEARNING WORKSHEET 1. A ball point pen costs Rs.15.50 and a gel pen costs Rs. 19.50. Which is costilier and by how much? 2. Reena bought a copy for Rs.89.90, a colour box for Rs. 55.00 and a pencil packet for Rs.35 50. How much money did she spend in all? 3. Arun had Rs.100. He purchased a chocolate for Rs. 65.50. How much money was left with him? 4. Sonu has Rs.130. She wants to buy a toy car that costs Rs. 200. How much more money does he need? Work is Worship
Dear students first watch this video... Dear students first watch this video... https://drive.google.com/file/d/1- dTcJ4H7W82G4Hk7HZcFFd_ntz8mJwdi/view?usp=sharing Work is Worship
COST PRICE AND SELLING PRICE COST PRICE AND SELLING PRICE Cost Price : Rate at which an article is purchased is called Cost Price (C.P.). Selling Price : Rate at which an article is sold is called Selling Price (S.P). Work is Worship
Now go through this video... Now go through this video... https://drive.google.com/file/d/1GW-- wOTbU_0LL4H3SSD0sq35aG_xTDP-/view?usp=sharing Work is Worship
PROFIT ( GAIN) AND LOSS PROFIT ( GAIN) AND LOSS Profit: The extra money earned by selling an article is called Profit or Gain. When the selling price (S.P) is greater than the cost price (C.P.), we have a profit (gain). Profit = S.P. C.P. Work is Worship
Loss: The money lost by selling an article is called Loss. When the cost price (C.P.) is greater than the selling price(S.P.), we have a loss. Loss = C.P. S.P. Work is Worship
Example: (a)If the cost price of a pencil box is Rs.85.50 and selling price is Rs.99.00, find the profit or loss. Ans Cost price of a pencil box = Rs 85.50 Selling price of the pencil box = Rs. 99.00 Here S.P. > C.P. So, profit = S.P. C.P. = Rs.99.00 Rs. 85.50 = Rs.13.50 Work is Worship
Example: selling price is Rs.550.00, find the profit or loss. Ans Cost price of a bag = Rs.789.99 Selling price of the bag =Rs.550.00 Here C.P. > S.P. So, loss = C.P. S.P. = Rs.789.99 Rs.550.00 = Rs.239.99 (a)If the cost price of a bag is Rs.789.99 and ASSIGNMENT: Do Worksheet 1 from Primary Maths Book. Work is Worship
ACTIVITY ACTIVITY the class that the the shop etc. .) ). . Mark price of of each pencil box, box, chocolates selling price price of of each shopkeepers and and the the others others be fake fake notes notes to to buy buy things things. . Let loss loss in in each each purchase shop in in the things that chocolates etc selling price be shopkeepers shopkeepers and Make the the customers things. . Let Let shopkeepers loss in in each each purchase purchase made made by by the Set Set up pictures pictures of of things pencil pencil box, box, chocolates price price and and the the selling some some children children be be be customers customers. . Make notes notes to to buy buy things the the profit profit or or loss the the customer customer. . up a a shop class. . Use shop sells(e Mark the each object and the customers use shopkeepers calculate purchase made the customer customer. . Use models models or sells(e. .g g. . toys, the cost object. . Let the others use fake calculate made by or toys, cost Let others fake the customers customers use calculate the the profit Set Set up shop shop sells(e sells(e. .g g. . toys, price price and and the shopkeepers up a a shop shop in in the the class class. . Use toys, pencil the selling Use models models or or pictures pictures of of things chocolates etc etc. .) ). . Mark each object object. . Let Let some be customers customers. . Make Make the Let shopkeepers shopkeepers calculate things that Mark the some children children be that the the cost the cost be use or profit or by Work is Worship
ART INTEGRATION ART INTEGRATION LOSS PROFIT S.P. C.P. C.P. S.P. Here S.P. > C.P. Profit = S.P. C.P Here C.P. > S.P. Loss = C.P. S.P. Work is Worship
ART INTEGRATION ART INTEGRATION Work is Worship
OVERHEAD CHARGES Additional charges like transportation charge, labour charge, repairing charge, painting charge etc. are called overhead charges. The overhead charges are included with cost price of the article. NOTE: Profit or loss is always calculated on the actual costprice. Actual cost price = Cost price + overhead charges Work is Worship
Example: Rajveer bought an old scooter for Rs.16500. He spent Rs. 1350 on its repairs. Then he sold it for Rs.20000. How much profit did he make? Ans: C.P. of the scooter = Rs.16500 Repair charges = Rs.1350 Actual cost price of the scooter = Rs.16500 + Rs.1350 = Rs.17850 S.P. of the scooter = Rs.20000 Here S.P. > C.P.. So, profit = Rs.20000 Rs.17850 = Rs.2150 ASSIGNMENT: Do Worksheet-2 from Primary Maths Book. Work is Worship
DETERMINING SELLING PRICE DETERMINING SELLING PRICE Selling Price = Cost Price + Profit Selling Price = Cost price Loss Example: A dealer bought a chair for Rs.428 and sold it at a loss of Rs.68. Find the selling price. Ans: Cost price of the chair = Rs.428 Loss = Rs.68 Selling price = cost price loss = Rs.428 Rs.68 = Rs.360 ASSIGNMENT: Do Worksheet 3 from Primary Maths Book. Work is Worship
DETERMINING COST PRICE DETERMINING COST PRICE Cost Price = Selling Price - Profit Cost Price = Selling price + Loss Example: A merchant sold a tin of ghee for Rs.158 making a profit of Rs.27. Find the cost price. Ans: Selling price of a tin of ghee = Rs.158 Profit = Rs.27 Cost price = selling price profit = Rs.158 Rs.27 = Rs.131 ASSIGNMENT:Do Worksheet 4 from Primary Maths Book. Work is Worship
ACTIVITY ACTIVITY Work is Worship
ACTIVITY ACTIVITY Work is Worship
ASSIGNMENT : Do Value Based Question and Brain Teasers from Primary Maths Book. Work is Worship
CONCEPT MAP CONCEPT MAP Profit and Loss Cost Price(C.P.) The price at which an item is purchased Selling Price(S.P.) The price at which an item is sold Selling Price- Profit Cost Price+ Profit Profit N When S.P. >C.P. Profit= S.P. -C.P. Selling Price + Loss NO PROFIT NO LOSS WHEN S.P. = C.P. Cost Price-Loss Loss When C.P. >S.P. Loss= C.P. -S.P. Work is Worship
FRAYERS MODEL FRAYER S MODEL PROFIT AND LOSS Profit or Gain MEANING When selling price is greater than cost price. Profit = S.P. C.P. EXAMPLE S.P.= Rs.86 C.P.= Rs. 69 Profit = S.P. C.P. = Rs.86 Rs.69 C.P. = Rs. 123 S.P. = Rs. 115 Loss = C.P. S.P. = Rs.123 Rs. 115 C.P. = Rs.67 Profit = Rs. 25 Loss = Rs.18 S.P.= Rs.67 +Rs.25 Or S.P. = Rs.67 Rs.18 S.P. = Rs.85 Profit = Rs. 12 Loss = Rs.9 C.P.= Rs.85-Rs.12 Or S.P. = Rs.85 +Rs.9 NON EXAMPLE S.P.= Rs.86 C.P.= Rs. 69 Profit = C.P. S.P. = Rs.69 Rs.86 C.P. = Rs. 123 S.P. = Rs. 115 Loss = S.P. C.P. = Rs.115 Rs.123 C.P. = Rs.67 Profit = Rs. 25 Loss = Rs.18 S.P.= Rs.67 -Rs.25 Or S.P. = Rs.67 + Rs.18 S.P. = Rs.85 Profit = Rs. 12 Loss = Rs.9 C.P.= Rs.85+Rs.12 Or S.P. = Rs.85 -Rs.9 Loss When cost price is greater than selling price. Loss = C.P. S.P. S.P. = C.P. + profit = C.P. - loss Selling price Cost price C.P. = S.P. - profit = S.P. + loss Work is Worship
Worksheets(basic, standard and advanced) Worksheets(basic, standard and advanced) sample question with mark distribution sample question with mark distribution https://drive.google.com/file/d/1dqijkBVzF6r prSl_XTOrOw6E0KjRuehE/view?usp=sharing Click on the link to access the worksheets Work is Worship
ONLINE TEST ONLINE TEST https://forms.gle/49NGkMZrifq2QABu7 Work is Worship
LEARNING OUTCOMES LEARNING OUTCOMES At the end of this chapter, students learnt: To define cost price and selling price of articles. To identify the conditions for profit and loss. To differentiate between actual cost price and cost price of the article. To calculate profit and loss in a given transaction. To solve day to day problems related to profit and loss. Work is Worship
THANK YOU THANK YOU Work is Worship
