A shop earns what is left after its costs. Coins in, minus coins out.
A shop has coins coming in and coins going out.
Coins that come in are called income. Coins that go out for things are called costs.
Profit is what is left: income minus costs. That is what the shop really earns.
Some days there is a profit, and some days the shop is short.
These are some of the questions on the sets. The printable sheets have more and an answer key.
5. 14 − 9 = 5.
Costs. They go out of the till.
1. 10 − 9 = 1.
3. 9 − 6 = 3.
With a grown-up, visit a shop and ask the shopkeeper what the shop has to pay for. The shopkeeper keeps what is left.
Visit a shop with your child and ask the shopkeeper what the shop has to pay for. The shopkeeper keeps what is left after the costs.
