Tutorpip← About this lessonABCHide the answer keyDownload PDF
Money · Ages 7+ · Set A
What a shopkeeper earns
Scan to mark
on screen
A
Name
Date
Start Finish
Goal: 15 min
Score/ 12
Remember: A shop earns what is left after its costs: coins in, minus coins out.

Read and answer

Read the story first, then answer.

Nico's flower shopNico ran a little flower shop. Each bunch of flowers sold for two pretend coins, and the coins went in the till, a box for coins. By closing time Nico had sold seven bunches, which is fourteen coins. Coins that come in are called income. But Nico had paid the flower farmer six coins, bought ribbon for two coins, and paper for one coin. Coins that go out for things are called costs. Nine coins went out. Fourteen came in and nine went out, so five coins were left. Those five coins were Nico's profit, what the shop really earned. On a slow Tuesday, Nico sold only three bunches, so six coins came in, and nine went out.
1
Nico sold 7 bunches at 2 coins each, which is coins.
2
Coins that come in are called what?
📤Costs💰Profit📥Income
3
Nico's costs: 6 + 2 + 1 = coins.
4
14 coins came in and 9 went out. 14 − 9 = coins of profit.
5
Circle every one that is coins OUT.
🚜Paying the flower farmer💐A customer buys a bunch🎀Buying ribbon📄Buying wrapping paper🌼A friend buys two bunches
6
Profit is income minus costs.
TrueFalse

Slow days, fix and think

7
On Tuesday Nico sold 3 bunches at 2 coins each. How many coins came in?
3 coins6 coins9 coins
8
Tuesday: 6 coins came in and 9 went out. Nico was coins short.
9
Join each day to the coins left over.
  1. 114 in, 9 out
  2. 210 in, 9 out
  3. 312 in, 9 out
  • A1 left
  • B5 left
  • C3 left
10
Number Nico's day.
  • Nico takes away the 9 coins of costs
  • Nico counts 14 coins in
  • Nico pays for flowers, ribbon and paper
  • Customers buy seven bunches
11
Nico says: I sold seven bunches, so the shop earned fourteen coins. Is he right?
YesNo
12
One day Nico sells 4 bunches, so 8 coins come in. His costs are 9. He is coin short.
13
Draw Nico's till with 14 coins. Circle the 5 coins he keeps.
Scan the code at the top to mark this sheet on screenTake a photo of your answers or type them. It is marked for you automatically, and your score is kept.
Answer key · Set A
What a shopkeeper earns
114 Seven twos make 14: 2 + 2 + 2 + 2 + 2 + 2 + 2 = 14.
2Income Coins that come in are income. Coins that go out for things are costs.
39 6 + 2 = 8, and 8 + 1 = 9.
45 14 − 9 = 5. Profit is income minus costs.
5Paying the flower farmer, Buying ribbon, Buying wrapping paper Nico pays for the flowers, ribbon and paper, so coins go out. Customers pay Nico, so coins come in.
6True Profit is what is left after the costs: coins in, minus coins out.
76 coins 3 bunches of 2 coins make 6 coins.
83 9 − 6 = 3, so he was three coins short.
91-B, 2-A, 3-C 14 − 9 = 5, 10 − 9 = 1, and 12 − 9 = 3.
104, 3, 1, 2 Costs are paid early, then bunches are sold, then Nico counts the income and takes away the costs.
11No Fourteen coins is the income. The shop earned the five coins left after the costs.
121 4 bunches of 2 coins make 8. 9 − 8 = 1.
Mark each answer, count the right ones and write the score on the sheet.