3.3 Profit/loss - Word Drop

The income a business earns from selling its products is called its ______. It equals the ______ charged for one unit multiplied by the number of units sold. Profit is different, because profit is what is left when ______ are taken away from revenue.

Profit and loss can be worked out for a given ______, the total number of items produced or sold. The profit made on a single item is called profit ______. It equals the selling price of that item minus the total costs of that item. A business makes a ______ when its total costs are greater than its total revenue.

If a value is missing, the formula can be ______, which means writing it with a different subject. Total revenue ______ by the number of units sold gives the selling price of one unit. Revenue and costs must also cover the same ______, such as a month or a year, before profit is worked out.