Idea 19of 23Builds onKeep a record of money
Budget for a class sale
How much must a sale bring in to pay for everything?
Today you'll discover
- how to list every cost of a sale
- how much the sales must reach
- how many things to sell
Think firstA craft sale to raise $100 for a charity
Materials cost $45 and packaging $15. The class wants $100 for the charity. How much must sales bring in?
Decide first, then press Next. Add up the whole right-hand list.
A budget for a class craft sale. Money out: materials $45, packaging $15, for the charity $100, total $160. Money in, craft sales, shows a question mark. A dashed bar shows the sales must reach the money-out bar. Then: sales needed $45 + $15 + $100 = $160, and at $4 each, $160 ÷ $4 = 40 to sell. The last step shows a bake sale: ingredients $36, bags $12, $80 for a charity.
See the whole ideathe big idea and the key word, in one place
The big idea
A sale's budget works backwards: sales must cover every cost plus the goal.
ProfitProfit is what is left after the costs: $160 − $45 − $15 = $100, the money for the charity.
Easy to get wrongCount every cost, even small ones like bags or tape. Each one comes out of the sales first.
Key word
- profit
- the money left from sales after every cost is paid
Ready to use it?
- Find how much a sale must bring in.
- Find how many items to sell.