What is profit in a business context?

7th Grade Midterm

Flashcard
•
Mathematics
•
7th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Profit is the amount of money a business makes after subtracting its expenses from its revenue.
2.
FLASHCARD QUESTION
Front
How do you calculate profit?
Back
Profit = Revenue - Expenses.
3.
FLASHCARD QUESTION
Front
What does it mean for a relationship to be proportional?
Back
A proportional relationship means that two quantities maintain a constant ratio or rate.
4.
FLASHCARD QUESTION
Front
How do you determine the best deal when comparing prices?
Back
Calculate the price per unit (e.g., price per ounce) and compare the values.
5.
FLASHCARD QUESTION
Front
What is the solution to the equation 13 = 11 - 4x?
Back
x = -1/2.
6.
FLASHCARD QUESTION
Front
What is the difference between two elevations?
Back
Difference = Higher elevation - Lower elevation.
7.
FLASHCARD QUESTION
Front
What is an integer?
Back
An integer is a whole number that can be positive, negative, or zero.
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