Créer une présentation
Télécharger la présentation

Télécharger la présentation
## Profit and Income

- - - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - - -

**Profit and Income**Please view this tutorial and answer the follow-up questions on loose leaf to turn in to your teacher.**Basics**• Income: the amount of money you earn by selling items • Profit: the money you keep after paying your expenses • Rule: • Profit = Income - Expenses**Example**FMLA is selling hand sanitizer as a fund raiser for their club. The materials to make the hand sanitizer costs them $120. They plan to sell the bottles for $2 each. Write a rule for the income and profit. First, we need to find our important information.**Example**FMLA is selling hand sanitizer as a fund raiser for their club. The materials to make the hand sanitizer costs them $120. They plan to sell the bottles for $2 each. Write a rule for the income and profit. costs them $120 The materials cost the $120. This is our expenses.**Example**FMLA is selling hand sanitizer as a fund raiser for their club. The materials to make the hand sanitizer costs them $120. They plan to sell the bottles for $2 each. Write a rule for the income and profit. sell the bottles for $2 each They are selling the bottles for $2 each.**Example**Important Info: Materials costs $120 Selling bottles for $2 each The things that change for this situation will be Income, Profit, and the number of bottles sold. The first thing we need to identify our variables.**Example**Important Info: Materials costs $120 Selling bottles for $2 each Since we’re solving for income, our equation will start out I = Income P = Profit B = Number of bottles sold I =**Example**Important Info: Materials costs $120 Selling bottles for $2 each How will the income change for every bottle sold? I = Income P = Profit B = Number of bottles sold I =**Example**Important Info: Materials costs $120 Selling bottles for $2 each The income will increase by $2 for each bottle sold, so we write… I = Income P = Profit B = Number of bottles sold I = I = 2B**Example**Important Info: Materials costs $120 Selling bottles for $2 each Now, can solve for the profit. Remember, the general rule for profit is Income - Expenses I = Income P = Profit B = Number of bottles sold**Example**Important Info: Materials costs $120 Selling bottles for $2 each I = Income P = Profit B = Number of bottles sold Profit P = Income 2B - Expenses 120**Follow Up Questions**Answer the following questions on loose leaf and hand them in to your teacher.**Follow Up Questions**Mr. Nelms bought a pack of 200 pencils for $5. He sells these pencils to kids that aren’t prepared for class for $.25 each. What are the expenses for this problem? Using n for the number of pencils and I for income, write a rule to model the income for this situation. Using n for the number of pencils and P for profit, write a rule model the profit for this situation.