financial literacy

Flashcard
•
Mathematics
•
4th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
What is profit?
Back
Profit is the money you make after selling something, minus the cost of buying it.
2.
FLASHCARD QUESTION
Front
If you buy something for $15 and sell it for $50, what is your profit?
Back
Your profit is $35.
3.
FLASHCARD QUESTION
Front
What is a loss in business?
Back
A loss occurs when you sell something for less than what you paid for it.
4.
FLASHCARD QUESTION
Front
If you buy 4 toys for $25 each and sell 2 for $50 and $25, did you make a profit or a loss?
Back
You made a loss of $25.
5.
FLASHCARD QUESTION
Front
What is change in a transaction?
Back
Change is the money you receive back after paying for something.
6.
FLASHCARD QUESTION
Front
If you buy 2 apples for $0.50 each and a package of oranges for $2, how much do you spend in total?
Back
You spend $3.00 in total.
7.
FLASHCARD QUESTION
Front
What is a loan?
Back
A loan is money that you borrow from a bank or another person that you must pay back.
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