Profit and Expenses

Multiple Choice

The table shows the amount Ms. Collins paid for different expenses during the last three months.

Which expenses were fixed expenses for Ms. Collins during these three months?

• Groceries, gasoline, and utilities only

•  Rent and car payment only

•   None of the expenses

•  All of the expenses

Multiple Choice

The table shows Ted’s expenses for school lunches and book club.

Which statement about Ted’s expenses is true?

• School lunches are a variable expense, but book club is a fixed expense.

• Both school lunches and book club are a variable expense.

• School lunches are a fixed expense, but book club is a variable expense.

• Both school lunches and book club are a fixed expense.

Drag and Drop

Rent on a home is always a ​

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, while your light bill is usually a ​

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.

Drag these tiles and drop them in the correct blank above

fixed expense

variable expense

Calculating Profit Can be Solved Using Part/Part Whole

Multiple Choice

Remunda sold bracelets.

• * Remunda’s expenses were $12.74.

• * Remunda sold 17 bracelets for $3 each.
  Which was Remunda’s profit?

• $39.36

• $51.00

• $38.36

• $38.26

Fill in the Blank

James builds and sells boxes for worm farms. James purchased supplies for $13.00. He then sold each box for the price shown in the list.

• He sold a small box for for $20.00.

• He sold a medium box for $25.95.

• He sold a large box for $35.75.

• What was James's profit from selling a small. medium, and large box? Record your answer in the space provided.

$

.

Multiple Choice

Grace sold decorated mechanical pencils.

• Grace’s expenses were $4.92.

• Grace sold 13 pencils for $2 each.
  

• Which was Grace’s profit?

• $26.00

• $15.00

• $21.08

• $22.08

Fill in the Blank

Mrs. Gilford buys and sells gently worn clothes. Mrs. Gilford purchased a blouse, some slacks, and a skirt for $15.00.

• She sold the blouse for $22.35.

• She sold the slacks for $17.22

• She sold the skirt for $14.46.

What was Mrs. Gilford’s total profit from selling the blouse, slacks, and skirt? Record your answer in the space provided.

$

.