Profit Calculation Flashcard

Front

What is the profit for the Lawn Mowing business if the charge for service is $60 and the variable cost per customer is $15?

Back

$45

Front

How do you calculate the profit for a service business?

Back

Charge for Service - Variable Cost

Front

What is the profit margin for the Lawn Mowing business if the profit is $45 and the charge for service is $60?

Back

75%

Front

What is the profit margin for the Dog Walking business if the profit is $8 and the charge for service is $10?

Back

80%

Front

Which of the following is a correct formula for calculating profit margin? (Profit / Charge for Service) x 100, (Charge for Service / Profit) x 100, (Variable Cost / Profit) x 100, (Profit x Charge for Service) / 100

Back

(Profit / Charge for Service) x 100

Front

What is the Profit Margin for the Lawn Mowing business if Service Charge= $60 and Variable Cost per customer= $15?

Back

75%

Front

If a business has a profit of $30 and a charge for service of $50, what is the profit margin?

Back

60%

Front

What is the Profit Margin for the Dog Walking business if Service Charge = $10 and Variable Cost per customer = $2?

Back

80%

Front

If a business has a charge for service of $80 and a variable cost of $30, what is the profit?

Back

$50

Front

If a business has a profit of $50 and a charge for service of $80, what is the profit margin?

Back

62.5%