Band+finances

=Objectives=


 * Use a spreadsheet to analyse profit / loss
 * Use **formulas** to calculate income and costs for your merchendising products.

=Tasks=


 * 1) Write a spreadsheet which will calculate the profit and loss for each merchanidising item you have in your catalogue.

=Vocabulary=


 * **cost price** - The price each item is sold for.
 * **income** - The total money you make. This is the cost price times number sold.
 * **outgoings** - The amount of money it costs you to make an item. Then you will need to mulitply this by the number sold.
 * **profit** or **loss** - The difference between income and outgoings. If it is positive you make a **profit**, if it is negative you make a **loss**