Profit and loss

the money you have left after paying for business expenses.

• loss

• price

• profit

• cost

to make something better

• improve

• margin

• expense

• increase

It refers to the direct costs of producing the goods sold by a company. This amount includes the cost of the materials and labor directly used to create the good

• Fixed costs

• Cost of goods sold (COGS)

• Variable costs

neither make a profit nor lose money

• loss

• make profit

• break even

Maria sold a bicycle for $ 24900 at a profit of $ 600. Find the price at which she bought it.

• $ 24300

• $ 600

• $ 24900

Ron has a cycle worth $ 1800 and he wants to sell it at a profit of $ 220. What should cycles selling price be?

• $ 1800

• $ 2020

• $ 900

the amount of money your business earns after deducting all operating, interest, and tax expenses over a given period of time.

• variable costs

• overhead costs

• net profit

Nora bought her home in 2002 for $310,000. She sold her home in 2012 for $650,000. What profit did she make?

• $300,000

• $330,000

• $340,000