Page 157 - New Medley 4 Semester 2 PDF (Merged)

Competencies
5 Money—Profit and Loss
C-4.1, C-4.2, C-4.3, C-5.1

We have learnt about money in earlier classes. Now we learn more about

its use. Let us go through the following story.

Let us Recall

21st CENTURY SKILLS • Initiative and Self-direction

1. Fill in the blanks.

(a) `25 = paise
(b) 2300 paise = `

(c) `12 paise 60 = paise
(d) 6350 paise = ` paise

2. Add `4236 and `6387

3. Subtract `1269 from `3674

4. A cup costs `23. What will be the cost of 15 cups?

5. 10 shirts cost `8950. What is the cost of each shirt?

Profit and Loss

Money plays an important role in our life. We use money in many activities

like buying or selling things, paying for a service, etc. We cannot fulfil

our needs without money. People earn money by doing different kinds of
work. Some people run a business to earn money. In the business, a person
commonly buys something at a low price and sells it at a high price. Thus,

he gets a difference which is his earning.

Let us know some related terms.

Cost Price (C.P.): The price at which a shopkeeper buys goods or items
from the wholesaler is called the cost price (in short C.P.).

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