Work out the amount money that is made (profit ) or lost (loss)

Example: You spend money on lemons £2.00

You make lemonade and decide to sell it for 50p a cup

You sell 10 cups 10 x 50p = £5.00

Your profit or loss is how much money you made in sales take away your costs

This example is £5.00 - £2.00 = £3.00 profit

However if you only sold 3 cups = 3 x £0.50 = £1.50 you would make a LOSS because

£1.50 - £2.00 = -£0.50

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