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Profit and Loss Worksheet
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Profit and Loss Worksheet
For each calculation, work out revenue minus expenses. A positive result is a profit; a negative result is a loss. Write money amounts in Australian dollars.
A. Business terms
Match each business item to the best description. Use each description once.
B. Work out profit or loss
For each situation, calculate the result and state whether it is a profit or a loss.
1.During one shift, Oliver’s kiosk takes $465 and has costs of $390. What is the profit?
2.Isla’s kiosk earns $328 from sales and spends $371 on supplies. Calculate the result and identify it as profit or loss.
3.Cooper records revenue of $206.80 and expenses of $184.35. Write the subtraction equation and calculate the result.
4.A rover-parts stall receives $512.40 and pays $537.95 in costs. Work out the amount and say whether the stall makes a profit or a loss.
5.A snack counter has revenue of $640 and expenses of $640. What is its result? Explain whether it has made a profit or a loss.
C. Explain your reasoning
6.At the station’s drink stand, revenue is $284 and expenses are $319. Calculate the result, then explain how comparing revenue and expenses tells you whether it is a profit or a loss.
D. Final check
7.A mission supply booth collects $175.50 and pays $162.75 in expenses. Write the equation, calculate the result, and complete: “The booth made a ___ of $___ because ___.”
2 printable pages
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