MATH-Calculate Profit

Front

What is profit?

Back

Profit is the amount of money a person makes after subtracting all costs and expenses from the total income.

Front

How do you calculate profit?

Back

Profit = Total Income - Total Expenses.

Front

If Tom spent $30 on gas and $20 on gloves, what were his total expenses?

Back

Tom's total expenses were $30 + $20 = $50.

Front

If Tom earned $200 for his work, what was his profit?

Back

Tom's profit was $200 - $50 = $150.

Front

What is the formula to find the number of trucks needed if each truck can hold a certain number of people?

Back

Number of trucks needed = Total people ÷ People per truck.

Front

If there are 132 students and each truck holds 7 students, how many trucks are needed?

Back

132 ÷ 7 = 18.857, so you need 19 trucks.

Front

What is the total cost if Charles bought a chair for $20, repaired it for $8, and painted it for $7.50?

Back

Total cost = $20 + $8 + $7.50 = $35.50.

Front

If Charles sold the chair for $65, what was his profit?

Back

Profit = Selling price - Total cost = $65 - $35.50 = $29.50.

Front

How do you find the total number of books on shelves?

Back

Total books = Number of shelves × Books per shelf.

Front

If there are 32 shelves and each holds 17 books, how many books are there?

Back

Total books = 32 × 17 = 544.