Profit

Front

What are expenses?

Back

Money spent on materials or bills.

Front

What is profit?

Back

Money you get to keep after subtracting income - expenses.

Front

If Tom spent $30 for gas and $20 for work gloves, and earned $200, what is his profit?

Back

$150.

Front

Jamie builds boxes for $13 and sells them for $20. How much profit does she make?

Back

$7.

Front

Simon buys buns and meat for $15 and sells 12 hamburgers for $3 each. What is his profit?

Back

$21.

Front

What is the formula to calculate profit?

Back

Profit = Income - Expenses.

Front

If you earn $100 and spend $40, what is your profit?

Back

$60.

Front

What do you call the money you earn from selling a product?

Back

Income.

Front

If a toy costs $10 to make and is sold for $15, what is the profit?

Back

$5.

Front

What is a common expense for a lemonade stand?

Back

Cost of lemons, sugar, and cups.