Personal Financial Literacy

Rolando is participating in a fundraiser to earn money for soccer equipment. He collected $250 from selling stickers. After calculating the expenses, he found that he made a profit of $175. How much were his expenses?

• $39

• $44

• $75

• $76

Valery and Audrey baked cookies to sell. For each cookie, they spend $0.75 on toppings and $0.89 on packaging. If they sold one cookie for $2.00, how much profit did they make on each cookie?

• $0.45

• $0.99

• $1.64

• $0.36

Angelica makes and sells earrings as a way to earn extra money. The money she gets is considered _______.

• Needs

• Wants

• Income

• Expenses

At the end of the month, the money Tam hasn't spent is called his ________.

• Spent quickly

• Income

• Savings

• Expenses

Flat tire repair -

• Fixed expense
• Variable expense

Monthly Netflix bill

• Fixed expense
• Variable expense

Adrian's older brother has a job and drives a car. The money he earned and spent last week is shown below. What were the total variable expenses?

Earned-- $115.26

Car Payment--$58.74

Gas for work --$27.50

Snacks--$6.28

Movie--$6.50

• A. $6.28 + $6.50 + $27.50 = $40.28

• B. $115.26 + $58.74 = $174.00

• C. $58.74 + $27.50 + $6.28 + $6.50= $99.02

• D. $115.26 +$ 6.50 = $121.76

Ja'Kayla is making peanut butter and jelly sandwiches. Each single serve pack of peanut butter and jelly cost $0.50. The two slices of bread cost $0.25 for each sandwich. If she decides to hand her sandwiches out for $1.50 each, how much profit will she make on each sandwich?

• $1.50

• $0.50

• $0.75

• $1.00

Noah and Ronnie are selling their homemade cupcakes for $3.50 each. For the cupcakes, they need a cupcake liner for $0.99 each and sprinkles for $1.29. How much profit will they make from each cupcake?

• $3.50

• $2.28

• $4.00

• $1.22

Adam is helping his dad calculate his expenses. He found that his dad's profit is $35 for each chair he sells. If his dad sells 3 chairs and makes $130, how much are his expenses for the 3 chairs?

• $45

• $25

• $36

• $99