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Calculations: Truus her soda cans
Net profit, Gross profit, operating costs etc.
7
Economics
8th Grade
03/29/2015

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Cards

Term
Truus is going to sell soda cans at a festival. Please use the information below to do the following exercises!
Definition
  1. She has bought 50 cans for 50 cents each
  2. She has sold 40 of them for 1 euro each
  3. 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
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