Shared Flashcard Set

Details

Calculations: Truus her soda cans
Net profit, Gross profit, operating costs etc.
7
Economics
03/29/2015

Term
 Truus is going to sell soda cans at a festival. Please use the information below to do the following exercises!
Definition
 She has bought 50 cans for 50 cents each She has sold 40 of them for 1 euro each A stand costs 5,- at the festival. To get there it was 3,- with the bus.
Term
 Calculate the turnover.
Definition
 Sales x selling price   40 cans x 1 euro =  40,-
Term
 Calculate the costs of sales
Definition
 Sales x purchasing price   40 x 0.50,- = 20,-
Term
 Calculate the gross profit
Definition
 Turnover - cost of sales   40 euros - 20 euros = 20,-
Term
 Calculate the operating costs
Definition
 Stand + traffic + etc....   5,- for the stand + 3,- for the bus = 8,-
Term
 Calculate the net profit
Definition
 Gross profit - operating costs    20,- - 8,- = 12,-
Term
 THE END
Definition
 Did you liked it or not???
Supporting users have an ad free experience!