Personal Financial Literacy

Riley has a t-shirt printing company. It costs her $5 to create each shirt. She sells each shirt for $9. If Riley sold 408 t-shirts in January, what was her profit?

• $1,632

• $3,672

• $3,472

• $5,712

Tags

CCSS.3.OA.D.8

Emma purchased an old rocking chair. She repaired it and painted it so she could resell the chair. The list below shows what Emma did with the rocking chair.

• Price paid for the old rocking chair: $10.00
• Cost to repair: $5.00
• Cost to paint: $7.50
• Resale price: $50.00

What was Emma' profit from selling the rocking chair?

• $40.00

• $22.50

• $50.00

• $27.50

Tags

CCSS.7.EE.B.3

Which of the following best describes the role of a local bank?

• To give money to people in need

• To sell items for money

• To lend money to people who will pay it back

• To print dollar bills for people

Claire saves her money in a shoe box that she keeps under her bed. Which of the following describes why Claire should save her money in a savings account instead of a shoe box under her bed?

• Claire can get to her money whenever she wants.

• Claire can earn interest on the money she has saved.

• Claire's brother can borrow money whenever he wants

• Answer not here

Tags

CCSS.RI.4.2

CCSS.RI.5.2

CCSS.RL.4.1

CCSS.RL.5.1

CCSS.RL.5.2

Which of the following is an example of a fixed expense?

• Roman goes to the movies with his friends on Friday.

• Roman bought a pair of shoes for $75

• Roman pays $15 every month for an online movie subscription

• Roman bought his mom a birthday present from $25

Tags

CCSS.7.EE.B.3

Which of the following represents a fixed expense?

• Earning $20 for every lawn you mow

• Buying a ticket to a carnival

• Selling items at a garage sale

• A subscription to Netflix

Tags

CCSS.4.OA.C.5

Last weekend, Jose sold ice pops at his neighborhood pool. The cost of making the ice pops was $14.28. The money he received from the sale of the ice pops was $32.09. What was Jose's profit?

• $46.37

• $20.21

• $17.81

• Not here

Tags

CCSS.6.NS.B.3

Eric bought a old kitchen table. He repaired it and painted it so that it looked new. Then he sold the table. Eric made this list about what he did.

• Price paid for old kitchen table: $25.00
• Cost to repair: $8.50
• Cost to paint: $12.00
• Selling price: $105.00

What was Eric's profit from selling the kitchen table?

• $45.50

• $59.50

• $60.50

• $105.00

Tags

CCSS.7.EE.B.3

Carlos is a dentist. Which of the following could be a reason Carlos goes to his bank?

• To purchase books about saving money

• To purchase books about earning money

• To purchase a lottery ticket to win money

• To save part of the money he earns

Tags

CCSS.RL.3.6

CCSS.RL.4.3

CCSS.RL.5.3

CCSS.RL.6.3

CCSS.RL.6.6

Josh puts the money he received for his birthday in his piggy bank. Which of the following is a disadvantage of Josh saving his money in a piggy bank?

• His money can be stolen

• His money will earn interest

• Joshua can get to his money easily

• Not here