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Calculate Profit 4.10b

Calculate Profit 4.10b

Assessment

Flashcard

Mathematics

4th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

What is profit?

Back

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

2.

FLASHCARD QUESTION

Front

How do you calculate profit?

Back

Profit = Total Revenue - Total Expenses

3.

FLASHCARD QUESTION

Front

If Claudia sold 10 bracelets for $4 each, what was her total revenue?

Back

Total Revenue = 10 bracelets x $4 = $40

4.

FLASHCARD QUESTION

Front

What were Claudia's total expenses for supplies?

Back

Claudia's total expenses were $13.65.

5.

FLASHCARD QUESTION

Front

What was Claudia's profit?

Back

Profit = Total Revenue ($40) - Total Expenses ($13.65) = $26.35

6.

FLASHCARD QUESTION

Front

What is the selling price of an item?

Back

The selling price is the amount of money a customer pays to buy a product.

7.

FLASHCARD QUESTION

Front

If Charles bought a rocking chair for $20 and spent $8 on repairs and $7.50 on paint, what were his total expenses?

Back

Total Expenses = $20 + $8 + $7.50 = $35.50

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