Calculate Profit

Front

What are expenses?

Back

Money spent on materials or bills.

Front

What is profit?

Back

The money earned after subtracting expenses from revenue.

Front

If Jamie spends $13 on materials and sells boxes for $20, how much profit does she make?

Back

$7

Front

Simon buys buns and meat for $15 and sells 12 hamburgers for $3 each. What is his profit?

Back

$21

Front

Evan earned $300 and his profit was $250. How much were his expenses?

Back

$50

Front

Tom spent $30 on gas and $20 on gloves, earning $200. What was his profit?

Back

$150

Front

What is the formula to calculate profit?

Back

Profit = Revenue - Expenses.

Front

If a product sells for $50 and costs $30 to make, what is the profit?

Back

$20

Front

What does revenue mean?

Back

The total amount of money received from sales.

Front

If you earn $100 and have $40 in expenses, what is your profit?

Back

$60