revenue cost profit

Which of the following is the best definition of REVENUE?

• The total amount of income a business makes from selling products or services
• The amount of money a business has LEFT over after paying for their costs.
• The total amount of money a business spends.
• The amount of money a business loses every month.

Which of the following is the best definition of PROFIT?

• The total amount of income a business makes from selling products or services
• The amount of money a business has left over after paying for their costs.
• The total amount of money a business spends.

Which of the following is the best definition of COSTS?

• The total amount of income a business makes from selling products or services
• The amount of money a business has left over after paying for materials.
• The total amount of money a business spends.

Tags

CCSS.6.NS.B.3

Which of the following is the equation for figuring out PROFIT?

• Profit = Revenue - Cost
• Profit = Cost - Revenue
• Revenue = Profit - Cost
• Costs = Profit - Revenue

Tags

CCSS.HSA.CED.A.4

You own a restaurant and every month you must pay your water bill. However, you never know how much that bill will be because the amount changes based upon how much water your business uses.  This is a...

• FIXED cost.
• VARIABLE cost.

You own a lawn-care business and you have two employees.  You pay these employees a salary meaning you pay each of these workers $900 every month no matter how much they work. This is an example of a...

• FIXED cost.
• VARIABLE cost.

For your fundraiser you are selling Camelbak water bottles. There was a cost of $15.75 per water bottle and there was a shipping and handling cost of $10. You are planning to sell each water bottle for $20.

Identify your fixed cost.

• 15.75

• 10

• 20

• 500

For your fundraiser you are selling Camelbak water bottles. There was a cost of $1575 per water bottle and there was a shipping and handling cost of $10. You are planning to sell each water bottle for $20.

Identify your selling price.

• 15.75

• 20

• 10

• 1550

BOYCP is having a End of Covid Dance. The tickets are sold for $7. You and your club had a cost of $200 that included decorations, snacks, and the dj.

What is your revenue function, R(x)?

• R(x) = 200x

• R(x) = 500

• R(x) = 7x

• R(x) = 7x - 200

The Volleyball Team is having an out of uniform day to fundraise for the Volley for the Cure (Breast Cancer Awareness). They are selling a weeklong pass for $4, since they are giving students tickers to put around the ID, the cost for each sticker is $0.05, and there is a shipping and handling fee of $30.

Write your revenue function, R(x).