For example
Buy mangoes for 8 dollars, sell them for 5, and the loss is 3.
In Grade 5
Children compare cost against sale price and name the shortfall as a loss.
Watch out for
Children often record a loss as a profit by subtracting the wrong way round. Take the sale price away from the cost.
Say it at home
Talk about what happens if something sells for less than it cost to buy.
Try it together
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