Income, profit and loss
Answers are for parents and teachers.
1
For one small business (a bakery, hairdresser or shop) calculate approximate revenue, expenses and profit in a table (using made-up figures).
Your own work
2
80 items were sold at 7000 so‘m each, expenses 400000 so‘m. What is the profit in so‘m?
160000
3
Draw the kinds of income (labour, entrepreneurship, property, pension, stipend) with examples in a diagram.
Your own work
4
Why does an entrepreneur get income that is not guaranteed? Write 3 sentences.
Your own work