Calculations

What is the definition of Revenue?

• Income from the sales of goods and services
• Income from the cost of goods and services 
• The money made on products
• Cash coming into the business from suppliers and customers

When is a business making a profit?

• When revenues are higher than costs
• When revenues equal costs
• When revenues are less than costs

How do you calculate revenue?

• sales x price

• price x cost

• cost + sales

• sales - total price

How do you calculate Gross Profit Margin?

• gross profit / sales (revenue) x 100

• gross profit x sales (revenue) / 100

• gross profit / sales (revenue) / 100

• gross profit x sales (revenue) x 100

Tags

CCSS.7.RP.A.3

Martha bought beads for $0.50 and yarn for $1.00 to make a necklace. If she sold it for for $4.00, what is her profit?

• $5.50
• $2.00
• $2.50
• $3.50

Tags

CCSS.7.EE.B.3

Mrs. Amos sold her six flags ticket for $50.00. She bought it for $35.00. What was her profit?

• $25.00
• $15.00
• $85.00
• $20.00

Tags

CCSS.7.EE.B.3

Sam bought a new game for $12.00 and spent $5.50 for shipping. He went and sold it later for $20.00. What is his profit?

• not here
• $32.00
• $3.50
• $2.50

Tags

CCSS.7.NS.A.3

Layla buys an old rocking chair for $42. She spends $16 to fix and paint it. Then she sells the rocking chair for $85. What is Layla's profit?

• $16.00
• $26.00
• $27.00
• $58.00

Tags

CCSS.3.OA.D.8

Given that sales revenue = $580000, sales returns = $50000 and cost of sales = $300000, calculate the gross profit.

• $230000

• $280000

• $330000

• $530000

Tags

CCSS.7.NS.A.1B

If a business's costs exceeds it sales revenue, it will experience a ........?

• loan

• profit

• loss

• debt