The YouthPreneur 10 – 14 Online Course

Profit Matters

A business cannot run unless it makes profit! Below is the definition of profit and the basic profit and loss formula:

 

The formula above means, if you are selling a product to a customer, you must take the amount of money it costs to create the product and subtract it from the amount that you are charging the customer. Whatever is left is your profit.

For example, if I buy a pen from a stationery shop for 55p and sell it to my friend for £1, I have made a profit of 45p!

Let’s try another quick example, this time let’s try to work out the answer:


Let’s work it out together:

On the link below is a document with some profit and loss scenarios. Let’s see if you can calculate the profit correctly for each scenario. You can also print the worksheet on the second link and record your answers on it or read the scenarios onscreen and record calculations and answers on your own piece of paper:

ProfitLoss Scenarios

Profit Matters Worksheet

Click on the link below for a presentation revealing the answers to each scenario:

ProfitLoss Answers

 

One thought on “Profit Matters

  1. AllaP says:

    this was quite easy to understand however i had to switch devices because i couldn’t access some of the materials on my computer

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8 thoughts on “The YouthPreneur 10 – 14 Online Course

  1. Ambuka Landers says:

    hello, I;m interested in this for my 13 yr old son, but I feel I would need to see some of the materials first to check if it will be the kind of thing that holds his interest. he is home -educated cos his minds works in its own unique way. its hard to imagine if this will be up his street – tho the timing is just right as he has expressed an interest in making his own business. is there a way to get a sneak peak at the kind of thing it entails? x x

  2. Gerry says:

    Hi, I’m interested for my 12 year old.
    Is there a certificate of completion and how many hours does the course take Please?

    • thebejewelledacademyblog says:

      Hi Gerry,

      Yes, students will receive a certificate of completion with a motivational note upon completion of the course. The course contains over 15 hours of learning time, but how long spent on each section really depends on each child/young person. This 15 hours does not include tasks that students are assigned to do themselves, such as continued selling practice, business idea presentation/proposal etc.

      Once enrolled, students will have up to 24 weeks to complete the course, so they can do it at their own pace

      🙂

  3. Eliana says:

    Hi, were can I see the preview of the classes? I am interested for a 12 years old boy. Thanks

  4. Dawn Hennessey says:

    Hi, I am a foster carer, would my 12 year old granddaughter be able to do the course along with my FC? My granddaughter would really benefit from this course.
    Many thanks
    Dawn

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