Profit and Loss Analysis
A Grade 11 Math worksheet covering key concepts in profit and loss calculations, including revenue, cost, profit margin, and break-even points.
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Profit and Loss Analysis
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Read each question carefully and provide your answers in the space provided. Show all your work for calculations.
1. The total amount of money generated from sales of goods or services is called .
2. When total revenue exceeds total cost, a business makes a .
3. The point at which total costs and total revenue are equal, resulting in no net loss or gain, is known as the point.
4. The percentage of revenue that is left after all expenses have been deducted is called the margin.
5. A company sells a product for $75. The cost to produce each unit is $40, and fixed costs are $5,000. If 200 units are sold, calculate the total profit or loss.
6. A small business had total revenues of $15,000 and total expenses of $12,500 for the month. What is the profit margin for the month?
7. Which of the following is NOT typically considered a fixed cost?
Rent for the factory
Salaries of administrative staff
Raw materials for production
Insurance premiums
8. If a product costs $25 to produce and is sold for $35, what is the per-unit profit?
$5
$10
$15
$20
9. A new online store sells handmade jewelry. Each necklace costs $15 to make (materials and labor). The store invests $500 in website design and marketing. If they sell each necklace for $40, how many necklaces must they sell to break even? What is their profit if they sell 50 necklaces?