DETERMINING
PROFIT
Determining Gross Profit
Suppose the cost for a retailer
for a pair of jeans is $20.
The retailer sells these jeans to its customers for $45 each.
How much profit does the retailer make by selling just one pair of jeans?
_______________
How much gross profit did
the retailer make if she sold the following amounts of jeans each week?
| Week |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
| Amt. Sold |
100 |
92 |
87 |
84 |
72 |
65 |
61 |
52 |
46 |
30 |
| Gross Profit |
|
|
|
|
|
|
|
|
|
|
Determining Net Profit
Lets add the cost of total
expenses for each week to the scenario.
How much gross profit did the retailer make if she sold the following
amounts of jeans each week with the following expenses?
| Week |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
| Amt. Sold |
100 |
92 |
87 |
84 |
72 |
65 |
61 |
52 |
46 |
30 |
| Gross Profit |
|
|
|
|
|
|
|
|
|
|
| Expenses |
$1300 |
$1200 |
$1100 |
$1000 |
$900 |
$800 |
$800 |
$750 |
$750 |
$750 |
| Net Profit
or Loss??? |
|
|
|
|
|
|
|
|
|
|
Extra Credit:
Solve the following math problems to find gross profit and net profit.
Cost of cologne:
$ 18.00
Price of cologne:
$ 65.00
Cologne sold this
month: 142
Expenses for this
month: $1950.00
What is the gross profit
for selling just one bottle of cologne? __________
What is the gross profit
this month for perfume sold? __________
What is the net profit for
the month? __________
Tina Walsh
Lake Taylor HS
Norfolk VA
