Calculate Profit 4.10b

Front

What is profit?

Back

Profit is the amount of money a business makes after subtracting all costs and expenses from the total revenue.

Front

How do you calculate profit?

Back

Profit = Total Revenue - Total Costs

Front

If Sandra sold corn for $22.35 and her costs were $9.29, what was her profit?

Back

$13.06

Front

Claudia sold 10 bracelets for $4 each. What was her total revenue?

Back

Total Revenue = 10 bracelets x $4 = $40

Front

What were Claudia's total costs if her expenses were $13.65?

Back

Total Costs = $13.65

Front

How do you find the profit from selling an item?

Back

Subtract the total costs from the selling price.

Front

If Charles bought a rocking chair for $20 and spent $15.50 on repairs, what were his total costs?

Back

Total Costs = $20 + $15.50 = $35.50

Front

What was Charles's selling price for the rocking chair?

Back

$65

Front

If Charles's total costs were $35.50 and he sold the chair for $65, what was his profit?

Back

$30.50

Front

What is total revenue?

Back

Total revenue is the total amount of money received from sales before any costs are subtracted.