How is profit calculated?
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EXERCISE: PROFIT
CALCULATION
Student Name
Student ID
Calculate your t-shirt kiosk’s profit for the past month if:
-Your t-shirts sell for a price of $10 each
-You sold 500 t-shirts
-Rent was $1,000
-Unprinted shirts cost you $4 each
-Artwork costs $0.50 per shirt
-Wages $10/hr (you have 5 sales people who each work 10 hrs per week– assume 4 week
month)
-You have a loan of $6,000 (for equipment) and are making a payment of $200 each month
-You paid $500 for flyers and posters
Revenue
Expenses
___________________
Total expenses:
Therefore profit =
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