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Vocabulary
Profit/Loss Math
Use it in a sentence
More Vocabulary
Random Knowledge
100

What is a producer?

a person who makes, grows, or supplies goods for sale

100

Cool School Elementary had $35 in costs for the farmers market. Their revenue was $82. Was this a profit or loss? How much?

Profit. $47

100
I have written my expenditures and income down to figure out my ____________.

Budget 

100

What are costs?

Money spent to buy something to make something else.

100

Why is it important for businesses to have reasonable prices?

See answer

200

What is a consumer?

a person who buys goods

200

Yummy Tacos had $136 in costs for the week. They sold 50 tacos for $2.50. Was this a profit or loss? How much?

Loss. $11

200

Use income in a sentence.

See sentence

200

What is a profit?

when a company or person makes more money selling their goods than they do making them

200

Why is it important for people and businesses to have a budget?

See answer

300

Money you are paid to do a job is called...

An income

300
The CupCakery had $179 in costs for the week. They sold 133 cupcakes for $3 each. Is this a profit or loss? How much?

Profit. $220

300

Use loss in a sentence.

See sentence

300

What is it called when a company spends more money than they make?

A loss

300

How can a person be a producer and a consumer?

They buy things and sell things. Example: we buy bags from Sam's Club (consumer) then use them to sell produce to other people (producer).
400

An amount of money a person spends is...

An expenditure 
400

The Chocolatey Chocolate Bar company had $17 in costs. They sold 100 chocolate bars for $1.50 each. Was this a profit or loss? How much?

Profit. $133

400

We made more money than we spent on the farmers market. We made a ____________.

Profit

400

Money earned 

Revenue 

400

If we make a profit at the farmers market should we be happy or sad?

:)

500

An estimate of income and expenditure for a set period of time is called...

A budget
500
If we spent $76 on supplies for crafts and sold the crafts for $2, how many would we have to sell to break even?

$38

500

Use producer in a sentence.

See sentence.

500

What is another word we used for fair when talking about pricing?

Reasonable 

500

Are red and green bell peppers 2 different peppers?

Nope. They are green first then turn red the longer they are on the plant before harvesting.