EXERCISE 2 CH 2

Kelly makes and sells quilted blankets out of her home. She charges $50 per blanket.  For each blanket she makes, she must spend $1 on thread, $2 in electricity and $12 on cloth.  This month she made and sold 15 blankets. What is Kelly's total REVENUE?

• $25
• $225
• $375
• $750

Kelly makes and sells quilted blankets out of her home. She charges $50 per blanket.  For each blanket she makes, she must spend $1 on thread, $2 in electricity and $12 on cloth.  This month she made and sold 15 blankets. What is Kelly's total COST?

• $25
• $225
• $375
• $750

Kelly makes and sells quilted blankets out of her home. She charges $50 per blanket. For each blanket she makes, she must spend $1 on thread, $2 in electricity and $12 on cloth. This month she made and sold 15 blankets. What is Kelly's total PROFIT?

• $25

• $225

• $525

• $750

Eric wants to start being an Uber driver in the Waterloo/Cedar Falls area.  Eric knows that he can make $30 per Uber ride he gives. Eric owns his own car, so his only expense is to pay $5 in gas for every ride he gives.  Eric gives 15 rides this week, his REVENUE for the week will be...

• $30
• $75
• $375
• $450

Eric wants to start being an Uber driver in the Waterloo/Cedar Falls area.  Eric knows that he can make $30 per Uber ride he gives. Eric owns his own car, so his only expense is to pay $5 in gas for every ride he gives.  Eric gives 15 rides this week, his COSTS for the week will be...

• $30
• $75
• $375
• $450

Eric wants to start being an Uber driver in the Waterloo/Cedar Falls area.  Eric knows that he can make $30 per Uber ride he gives. Eric owns his own car, so his only expense is to pay $5 in gas for every ride he gives.  Eric gives 15 rides this week, his PROFIT for the week will be...

• $30
• $75
• $375
• $450

Jill made $500 babysitting her neighbors' kids over the summer, but she did not keep all this money as profit.  Instead, during the summer Jill also bought a bike for $150, a new pair of shoes for $50, and a new dress for $100.  What was Jill's COSTS over the summer?

• $150
• $200
• $300
• $500

Jill made $500 babysitting her neighbors' kids over the summer, but she did not keep all this money as profit.  Instead, during the summer Jill also bought a bike for $150, a new pair of shoes for $50, and a new dress for $100.  What was Jill's PROFIT over the summer?

• $150
• $200
• $300
• $500

Jill made $500 babysitting her neighbors' kids over the summer, but she did not keep all this money as profit.  Instead, during the summer Jill also bought a bike for $150, a new pair of shoes for $50, and a new dress for $100.  What was Jill's REVENUE over the summer?

• $150
• $200
• $300
• $500

Donovan made a picnic table to sell for profit. He made a list about what he did:

*price paid for wood: $45

*price paid for nails: $5

*cost of paint: $10

*selling price: $100

What was Donovan's profit from selling the table?

• $55

• $60

• $40

• $50