⚖️ Ratio, Proportion & Rates

Profit and loss

Learn profit and loss with a GCSE-style explanation, help guide, worked example, practice question and flashcards.

Measures & MoneyGCSE25 XP completion3 flashcards

Global XP

Level 1

0 / 100 XP

1. Explanation

Key idea

Profit and loss is part of measures & money and appears often in KS3–GCSE maths.
Profit happens when selling price is higher than cost price; loss is the reverse.
Use the worked model, help guide, interactive question and flashcards to practise profit and loss until the steps feel automatic.

Shopping, sport, travel, science, design and everyday decisions all use this skill.

2. Visual

Understand the key idea → follow the help guide → practise a question → check your method → build speed with flashcards.

3. Help guide

Learn the rule: Profit happens when selling price is higher than cost price; loss is the reverse.
Worked model: Compare selling price with cost price. Subtract to find the difference. Decide profit or loss.
Try the interactive question without looking at the answer first.
Use the flashcards to test the rule, the method and a common check.

4. Worked examples

Answer: Cost £50, sell £42 gives £8 loss

5. Interactive questions

6. Flashcards

Flip each card, then choose whether you know it or need more practice.

0 mastered

FrontRule for Profit and loss

BackProfit happens when selling price is higher than cost price; loss is the reverse.

FrontExample answer: Buy for £30 and sell for £45. What is the profit?

Back£45 - £30 = £15 profit.

FrontCommon check for Profit and loss

BackCheck units/notation, compare with an estimate, and make sure the answer matches the question.

7. Finish

When you have read the examples, tried the question and reviewed flashcards, claim your topic completion XP.