Question

profit, revenue, and total cost
think about an artist who owns her own business. match each term with the example from her business that best fits that term.
profit
total cost
revenue
what the artist receives when a customer buys a painting
what the artist pays for supplies and rent on her art studio
what the artist keeps after selling a painting and paying her costs

Explanation:

To solve this, we recall the definitions:

• Profit: The amount left after subtracting total costs from revenue. So it's "What the artist keeps after selling a painting and paying her costs".
• Total cost: The sum of all expenses incurred, like supplies and rent. So it's "What the artist pays for supplies and rent on her art studio".
• Revenue: The income received from sales, like from selling a painting. So it's "What the artist receives when a customer buys a painting".

Answer:

• Profit: What the artist keeps after selling a painting and paying her costs
• Total cost: What the artist pays for supplies and rent on her art studio
• Revenue: What the artist receives when a customer buys a painting