Profit and Loss

'Break even' means...

• To make a profit

• To make a loss

• To equalise profit and loss

• To go bankrupt

The formula for profit is ...

A company spends $30 to source 1 door, and sells these doors to customers to gain a 10% profit on each door. How much would 5 doors cost a customer?

Interpret this graph. What is happening below, at, and above the x axis?

I purchased carrots for 90c a piece. I then used these to create carrot cakes to sell at my festival stall for $3 a slice. On selling day, I received $48 from my carrot cakes. What was my profit?

• $30.10

• $32.80

• $33.60

• $35.70