Costs & Revenue
It costs money to make things (costs/expenses); you earn money by selling them (revenue); if revenue is more than costs, that's profit; if costs are more, that's a loss
Entire curriculum
1858 concepts · 9 subjects
Share and support
Compare teaching approaches
Teaching approaches
Gakuva’s recommended starting approach is selected. You can still compare every option.
1 approach
Separate money received from money left after costs.
Separate money received from money left after costs.
Family records and proof options
Keep a record of your learning
Save photos, notes, and attendance. Export a proof packet for compliance or portfolio reviews.
Learning resources
Extra practice links — they do not replace Gakuva’s teaching approach.
Federal Reserve Education · Practice link — not the full lesson
Teaching Resources
Before you open · source notes
Teaching Resources supports Costs & Revenue. An adult previews and guides; this is a learning page, not a scored quiz.
Free educational page, no sign-in required for the tested path.
Before you openAsk the learner one fact they learned and one question they still have.
Opening this link does not save learning or assess mastery.
Source, access and review notes
Public Federal Reserve Education page. An anonymous GET on 2026-11-12 returned HTTP 200 with no login or payment prompt for this URL. Opening the link does not save practice or assess mastery. An adult should preview and guide the learner.
Federal Reserve Education. “Teaching Resources.” External page; Gakuva does not copy, host, embed, or redistribute materials.
Unknown — link only
Check understanding
- Explain what costs, revenue, and profit mean using a simple example
- Calculate profit from a given scenario (e.g. spent £3 on ingredients, sold cakes for £8, profit = £5)
- Explain what happens if costs are higher than revenue (you make a loss)
“If your child spent £4 on supplies for a lemonade stand and earned £10 selling lemonade, could they tell you how much profit they made?”
Curriculum record
- Type
- Conceptual
- Subject
- Life Skills
- Domain
- Entrepreneurship
- Age range
- Ages 7–10
Standards