💰 The Magic Formula
Revenue vs. Profit
If you take in $20, did you make $20? Not quite!
Revenue: All the money that enters your hand.
Expenses: The cost of materials and tools.
Profit: What is left over for YOU.
Maya sells bracelets at school for $4 each. The beads and string cost $1 per bracelet, so each sale leaves her $3 of profit in her pocket.
🎯 Your Mini-Challenge
If you sell a painting for $10, but the canvas and paint cost $3, what is your profit?
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If you sell a painting for $10, but the canvas and paint cost $3, what is your profit?
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