Calculate Profit

Front

What is profit?

Back

Profit is the money you get to keep after subtracting expenses from income.

Tags

CCSS.6.RP.A.3B

Front

How do you calculate profit?

Back

Profit = Income - Expenses.

Tags

CCSS.7.EE.B.3

Front

If Jamie sells a box for $20 and the materials cost $13, what is her profit?

Back

$7

Tags

CCSS.3.OA.D.8

Front

Evan earned $300 and had a profit of $250. How much were his expenses?

Back

$50

Tags

CCSS.7.NS.A.3

Front

What is income?

Back

Income is the money earned from selling goods or services.

Front

If Simon sells 12 hamburgers for $3 each, what is his total income?

Back

$36

Tags

CCSS.3.OA.A.3

Front

If Simon's expenses for selling hamburgers are $15, what is his profit?

Back

$21

Tags

CCSS.7.NS.A.3

Front

What are expenses?

Back

Expenses are the costs incurred to produce or sell goods or services.

Front

If you earn $100 and spend $40, what is your profit?

Back

$60

Tags

CCSS.7.NS.A.3

Front

What is the difference between income and profit?

Back

Income is the total money earned, while profit is what remains after expenses are deducted.

Tags

CCSS.6.NS.C.7C