Profit2

Profit2

Multiple Choice

How do we solve for profit?

• Income- expense

• Expense+income

• profit+income

• Income+profit

Profit

• Income- the money you make from selling an object

• expsense- The money you spend on supplies

• Profit- what you make after you subtract your income and your expenses.

What are the expsense?

Ann bought an old lamo at a garage sale. She fixed it up and sold it for a profit. Ann made a list about what she did.

Price paid for the lamp: $15 Cost to repair: $3.44 Cost to paint: $7.24 Selling Price: $29

What was Ann's profit from selling the lamp?

Let's slove for profit

Q3. Evan bought an old mirror at a thrift store. He fixed it up and sold it for a profit. Evan made a list about what he did.

Price paid for the mirror: $10 Cost to repair: $1.95 Cost to paint: $3.88 Selling price: $35

What was Evan's profit from selling the mirror?

Multiple Choice

Landon made a picnic table to sell for a profit. He made a list about what he did.

• Price paid for wood: $43
• Price paid for nails: $5.48
• Cost of paint: $7.50
• Selling price: $100

What was Landon's profit from selling the picnic table?

• $92.50

• $44.20

• $51.52

• $44.02

EACH and profit

• Sometimes you will sell more than one item

• If I sell 12 cupcakes for $2 each, how much income did I make?

• What about If i sell 3 tables for $78 each?

• 7 Bracelets for $5 each?

• Be sure to pay attention to how many things you are selling so that you can get your income correct

Multiple Choice

Sal made 24 cupacakes to sell at his bakery. He sold all of the cupcakes that he made. Sal made a list about what he did.

• Price paid for the ingredients: $31.62
• Price paid for the paper liners: $5.08
• Selling price for EACH cupcake: $3

What was Sal's profit from selling all 24 cupcakes?

• $35.30

• $36.70

• $35.03

• $23.54

Multiple Choice

Claudia sold beaded bracelets.

• Claudia's expenses were $13.65 for supplies.
• Claudia sold 10 bracelets for $4 each.

What was Claudia's profit?

• $10.65

• $26.35

• $33.65

• not here