Profit, Loss and Break-Even

Let students fill in the cost and revenue tables first, then solve the questions that depend on them. Have them check that the budget percents add up to 100 before finding dollar amounts.

Find profit, loss and break-even numbers for a bake sale and a student council car wash. The directions on the page read: Read the box. For problem 1, fill in the bake sale total costs and revenue. Then solve problems 2 and 3, showing your work. An answer key is included.

Yes, both. We made it for 6th Grade Economics and Money, and the page works the same whether it lands on a kitchen table or a center rotation. At home, most families go through it together and talk the answers out loud, and that talking is where most of the learning happens with business and taxes. In class it runs well as independent work while you pull a small group. Print one copy or thirty, whichever the day needs.

Divide the costs by the price of one item. If the answer is not a whole number, round up, because you cannot sell part of an item. On the car wash page, $45 of costs at $7 per car means 7 cars must be washed.

Reading a City Budget explains three. An income tax is taken from money people earn at their jobs, a sales tax is added to the price of many items, and a property tax is based on the value of homes and land.

Each slice shows what percent of the whole budget goes to one service. To find the dollars for a slice, multiply the total budget by the percent written as a decimal. For Oakdale's $50 million budget, the 40% slice for schools is $20 million.