Calculating Profit Tips

Front

If a business' revenue is $500 and its cost of goods sold (COGS) is 350, what is the business' gross profit?

Back

subtract

Front

A business sells 8 pies for $12 each and the cost of each pie is $4 each. What is the gross profit?

Back

multiply then subtract

Front

If a business' gross profit is $75 and its revenue is $375, what is the business' profit margin percentage?

Back

divide, convert answer to a %

Front

A store pays for a school bag for $12 and sells it for $18. What is the lowest they can mark down the backpack if they want to still make $4 in profit?

Back

backwards order, divide, convert answer to a %

Front

Sam's surf shop sold 5 beach balls over the weekend. Each beach ball costs $26.00. What's the revenue for the surf boards?

Back

multiply

Front

A business makes $5100 in daily revenue and on average, spends $1000 on the products sold and $1000 on employee salaries and other expenses. What's the daily net profit of the business?

Back

subtract

Front

Calculate cost if you purchase a shirt for $15 and there is a $2 off coupon & 10% tax.

Back

subtract, multiply, add