Total revenue, profit and loss
Answers are for parents and teachers.
1
A trading firm sold 600 products at 45 000 so‘m each and its total cost was 21 mln so‘m. What is the profit in so‘m?
6000000
2
A teahouse sold 160 plates of plov in a day: 40 as large portions (35 000 so‘m) and the rest as small portions (25 000 so‘m). What is the total revenue in so‘m?
4400000
3
Which firm does better: A (revenue 120 mln, cost 105 mln) or B (revenue 60 mln, cost 40 mln)? Calculate and justify.
A’s profit is 15 mln, B’s is 20 mln so‘m; B earns more profit even though its revenue is smaller.
4
Why does profit give a signal about what and how much to produce? Write 2–3 sentences.
Entrepreneurs make more of whatever brings more profit in the market; if profit falls or turns into a loss, production shrinks.