Profit, Expenses & Financial Institutions Quiz

____________ = money made

• Income

• Expenses

Tags

CCSS.6.RP.A.3B

________________ = money spent

• Income

• Expenses

Tags

CCSS.6.RP.A.3B

__________ expenses are expenses that occur regularly and the amount does not change.

• Fixed

• Variable

Tags

CCSS.6.NS.B.3

________________ expenses are expanses in which the amount does change based on need or choice.

• Fixed

• Variable

Michael is mowing lawns to earn extra money. It cost him $356 to buy his equipment. Last month, he made $526 mowing lawns. What was his profit last month?

• $882

• $170

• $230

• $270

Tags

CCSS.3.OA.D.8

A store owner was determining his profit for the month. He calculated his expenses to be $125.45. His income for the month was $927.50. What was his profit?

• $802.15

• $1,052.95

• $802.05

• $997.95

Tags

CCSS.6.NS.B.3

Irma made a cake and cupcakes for a baby shower. She charged $25 for the cake and $15 for the cupcakes. It cost her $12 for her ingredients. How much did Irma profit?

• $52

• $28

• $18

• $2

Tags

CCSS.3.OA.D.8

Sean made a snack mix for a bake sale. The cost for preparing the snack mix was $12.47. The money he received from selling the snack mix was $24.50. What was Sean’s profit?

• $36.97

• $12.17

• $12.03

• $26.97

Tags

CCSS.6.NS.B.3

Sarah bought a bookshelf to repaint and sell. She paid $8.00 for the shelf, $15.50 for the paint supplies, and sold the bookshelf for $50.00. What was Sarah’s profit from selling the bookshelf?

• $33.50

• $27.50

• $26.50

• $42.00

Tags

CCSS.6.NS.B.3

Theo is an artist. He sold 4 prints for $25 each. His art supplies cost him $22.75. What was Theo’s profit?

• $77.25

• $21.75

• $122.75

• $2.25

Tags

CCSS.7.NS.A.3