Percentage profit and loss
I can calculate percentage profit and percentage loss.
Percentage profit and loss
I can calculate percentage profit and percentage loss.
These resources will be removed by end of Summer Term 2025.
Lesson details
Key learning points
- When calculating percentage profit or loss, you are interested in the change.
- If the final amount is more than the original, there is profit.
- If the final amount is less than the original, there is loss.
- This change can be described as a percentage of the original amount.
- A negative percentage is interpreted as a loss.
Keywords
Percentage profit - is the increase when referencing something that is sold for more than the cost price given as a percentage of the original amount
Percentage loss - is the decrease when referencing something that is sold for less than the cost price given as a percentage of the original amount
Common misconception
When using multipliers, pupils can mistake a decimal for the percentage decrease. e.g. 0.52 is a 52% decrease, rather than recognising a 48% decrease
Reminding students that a decimal multiplier greater than 1 means an increase, and a decimal multiplier less than 1 means a decrease. The latter requires a subtraction from 1 or 100%
Licence
This content is © Oak National Academy Limited (2024), licensed on Open Government Licence version 3.0 except where otherwise stated. See Oak's terms & conditions (Collection 2).
Lesson video
Loading...
Starter quiz
6 Questions
Exit quiz
6 Questions
£400
£424
£560
£473.60