Unit 3 Retake Flashcard (online version)

Front

What is profit in a business context?

Back

Profit is the amount of money a business makes after subtracting all its costs and expenses from its total revenue.

Front

How do you calculate profit from sales?

Back

Profit = (Selling Price - Cost Price) x Number of Items Sold.

Front

If a shirt sells for $25 and the profit is $4, what is the cost price of the shirt?

Back

Cost Price = Selling Price - Profit = $25 - $4 = $21.

Front

What is the formula to find the total distance traveled if a percentage of the trip is known?

Back

Total Distance = Distance Traveled / Percentage Completed.

Front

If Lin's family has traveled 30 miles and this is 60% of the trip, how do you find the total trip length?

Back

Total Trip Length = 30 miles / 0.60 = 50 miles.

Front

What is the area of a square?

Back

Area = Side Length x Side Length.

Front

If each side of Mr. Li's yard is 50 feet, what is the total area of the yard?

Back

Area = 50 ft x 50 ft = 2500 square feet.

Front

What percentage of an area is used if 25% of a yard is designated for a garden?

Back

The area of the garden = Total Area x 0.25.

Front

If Mr. Li uses 25% of his yard for a garden, what is the area of the garden?

Back

Area of the garden = 2500 sq ft x 0.25 = 625 square feet.

Front

How do you calculate the percentage of a group?

Back

Percentage = (Part / Whole) x 100.