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WorksheetsRevenue, Cost, and Profit
Total questions: 10
Worksheet time: 16mins
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 to make and sell their products and services
Kelly makes and sells quilted blankets out of her home. She charges $50 per blanket. For each blanket she makes, she must spend $1 on thread, $2 in electricity and $12 on cloth. This month she made 15 blankets and sold all 15 of them. What is Kelly's total COST?
$25
$225
$375
$750
Kelly makes and sells quilted blankets out of her home. She charges $50 per blanket. For each blanket she makes, she must spend $1 on thread, $2 in electricity and $12 on cloth. This month she made 15 blankets and sold all 15 of them. What is Kelly's total REVENUE?
$550
$225
$1000
$750
Kelly makes and sells quilted blankets out of her home. She charges $50 per blanket. For each blanket she makes, she must spend $1 on thread, $2 in electricity and $12 on cloth. This month she made 15 blankets and sold all 15 of them. What is Kelly's total PROFIT?
$25
$225
$375
$750
I have to purchase flour and sugar to make cupcakes for my bakery. This is an example of?
Cost
Revenue
Profit
I sell 100 cupcakes for $5 each and make $500. This is an example of?
Cost
Revenue
Profit
I made $500 selling cupcakes this month, but I had to buy flour and sugar for $100 and pay my rent of $250. I had $150 left. This is an example of?
Cost
Revenue
Profit
