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Clothing Business Money Math

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Clothing Business Money Math worksheet preview

Clothing Business Money Math

Clothing business illustration

👕 Part 1: Buying Designer Clothes

Scenario: You are planning to buy designer clothes in China and resell them in the UK. Let's calculate the costs and profits!

1. List your initial costs to buy 5 designer outfits. Calculate the total:

• Cost per outfit: £50 = £_______

• Shipping costs: £20 = £_______

• Import duty (10% of total cost): £_______

Total cost for 5 outfits = £_______

2. What is your cost per outfit?

Total cost ÷ 5 outfits = £_______ per outfit

3. Choose a selling price for each outfit:

£80 each

£100 each

£120 each

4. Using your chosen price, calculate your total sales if you sell all 5 outfits:

💰 Part 2: Calculating Profit

5. Calculate your profit using this formula:

Profit = Total Sales - Total Costs

Total Sales: £_______

Total Costs: £_______

Profit = £_______

6. You decide to buy 10 outfits instead! Calculate the new profit:

New total costs (10 outfits): £_______

New total sales (10 outfits): £_______

New profit = £_______

7. Which scenario gives you more profit per outfit?

Buying 5 outfits

Buying 10 outfits

The profit per outfit is the same

🎯 Part 3: Business Strategy

8. If you find a way to reduce shipping costs to £15, how much extra profit would you make on 5 outfits?
9. Write two ideas for making your clothing business more successful financially:

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