Think about an artist who owns her own business. Match each term with the example from her business that best fits that term. Total cost Profit Revenue What the artist keeps after selling a painting and paying her costs What the artist receives when a customer buys a painting What the artist pays for supplies and rent on her art studio

Question

Think about an artist who owns her own business. Match each term with the example from her business that best fits that term. Total cost Profit Revenue What the artist keeps after selling a painting and paying her costs What the artist receives when a customer buys a painting What the artist pays for supplies and rent on her art studio

Answer 1

### Profit: What the artist keeps after selling a painting and paying her costs### Revenue: What the artist receives when a customer buys a painting

Answer 2

## Step1: Define Profit### Profit is what remains after subtracting costs from revenue.## Step2: Define Revenue### Revenue is the total amount received from selling goods or services.## Step3: Match Terms### Match the definitions with the given examples.

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