4th Grade PFL Review

Front

What is profit?

Back

Profit is the amount of money a business makes after subtracting its expenses from its revenue.

Tags

CCSS.6.RP.A.3B

Front

How do you calculate profit?

Back

Profit = Total Revenue - Total Expenses.

Front

What are fixed expenses?

Back

Fixed expenses are costs that do not change from month to month, such as rent or a car payment.

Front

What are variable expenses?

Back

Variable expenses are costs that can change from month to month, such as groceries or utility bills.

Tags

CCSS.7.NS.A.1C

Front

If Raina sold 12 pens for $2 each, what is her total revenue?

Back

Total Revenue = 12 pens x $2 = $24.

Tags

CCSS.7.EE.B.3

Front

What is the equation to find Raina's profit?

Back

Profit = (12 x $2) - $11.57.

Tags

CCSS.8.F.B.4

CCSS.HSF.LE.A.2

Front

If Ms. Lanford bought clothing for $12.00 and sold it for $44.50, what is her profit?

Back

Profit = Total Sales - Total Cost = $44.50 - $12.00 = $32.50.

Tags

CCSS.7.NS.A.3

Front

What type of expense are car payments?

Back

Car payments are fixed expenses because the amount is usually the same every month.

Tags

CCSS.3.OA.D.9

Front

What does it mean if an expense is variable?

Back

It means the amount can change each month, like electricity bills that vary based on usage.

Front

What is an example of a fixed expense for Trina?

Back

Rent is an example of a fixed expense because it remains the same each month.