Calculate the profit or loss for each item. Which item give the highest profit? The tuck shop bought 20 packets of chips at N 18.00 each and sold all of them at N 25.00 each.

Here are the calculations for the profit and loss, and the subsequent questions.

5. Calculate the profit or loss for each item.

To calculate profit or loss, use the formula: $\text{Profit/Loss} = \text{Selling Price} - \text{Cost Price}$.

• Chips: $\text{Profit} = \text{N\$ } 25.00 - \text{N\$ } 18.00 = \text{N\$ } 7.00$
• Juice: $\text{Profit} = \text{N\$ } 28.00 - \text{N\$ } 20.00 = \text{N\$ } 8.00$
• Biscuits: $\text{Profit} = \text{N\$ } 35.00 - \text{N\$ } 30.00 = \text{N\$ } 5.00$
• Apples: $\text{Profit} = \text{N\$ } 15.00 - \text{N\$ } 12.00 = \text{N\$ } 3.00$

Here is the completed table:

Item	Cost price	Selling price	Profit / loss
Chips	N$ 18.00	N$ 25.00	N$ 7.00 Profit
Juice	N$ 20.00	N$ 28.00	N$ 8.00 Profit
Biscuits	N$ 30.00	N$ 35.00	N$ 5.00 Profit
Apples	N$ 12.00	N$ 15.00	N$ 3.00 Profit

Which item gives the highest profit?

Comparing the profits:

• Chips: N$ 7.00
• Juice: N$ 8.00
• Biscuits: N$ 5.00
• Apples: N$ 3.00

The highest profit is N$ 8.00, which is from Juice.

The tuck shop bought 20 packets of chips at N$18.00 each and sold all of them at N$ 25.00 each.

I. Calculate the total cost price.