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Recognise Cost Price, Selling Price, Profit and Loss

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The tomatoes are RM4.00 per kilogram.

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Hello Uncle, how much is the tomato per 1kg?

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Can you reduce the selling price of 1kg of this tomatoes to RM3.

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Sorry madam, the cost price of 1kg of tomato is RM3.20. I only make a profit of 80sen from each kg. If I sell you RM3 per kg, I will make a loss.

Watch this video step by step to learn what selling price, cost price, profit, and loss mean! Click me below to start learning.
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Confuse Girl PNG Transparent, Confused G

a)What is the cost price, selling price and profit in the situation above?
b)How do you calculate the loss of 20sen is the selling price is RM3?

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