Formula Centre

Formula guides and key subject rules for every grade and subject, with worked examples and practice.

Grade 10 Business Studies essentials

Business Studies • Essential reference • Grade 10

Profit = Revenue − Expenses
RevenueIncome from sales (R)
ExpensesCosts of operating (R)

When to use it

Use to assess whether a business earned a profit or loss.

Worked example

R10 000 revenue − R7 500 expenses = R2 500 profit.

Common mistakes

  • Treating revenue as profit.

Practice question

Find profit on R18 000 revenue and R11 200 expenses.

Grade 11 Business Studies essentials

Business Studies • Essential reference • Grade 11

Profit = Revenue − Expenses
RevenueIncome from sales (R)
ExpensesCosts of operating (R)

When to use it

Use to assess whether a business earned a profit or loss.

Worked example

R10 000 revenue − R7 500 expenses = R2 500 profit.

Common mistakes

  • Treating revenue as profit.

Practice question

Find profit on R18 000 revenue and R11 200 expenses.

Grade 12 Business Studies essentials

Business Studies • Essential reference • Grade 12

Profit = Revenue − Expenses
RevenueIncome from sales (R)
ExpensesCosts of operating (R)

When to use it

Use to assess whether a business earned a profit or loss.

Worked example

R10 000 revenue − R7 500 expenses = R2 500 profit.

Common mistakes

  • Treating revenue as profit.

Practice question

Find profit on R18 000 revenue and R11 200 expenses.