4.10ABE

Car Payment

• Fixed Expense

• Variable Expense

Restaurant Bill

• Fixed Expense
• Variable Expense 

Car Repair

• Fixed Expense
• Variable Expense

Rent Payment

• Fixed Expense
• Variable Expense

Charity Donation

• Fixed Expense
• Variable Expense

Phone Bill

• Fixed Expense
• Variable Expense

What are fixed expenses?

• Irregular expenses that change from week to week or month to month

• The amount of money in your bank account

• The amount of cash in your purse or wallet

• Expenses that stay the same from week to week or month to month

What are variable expenses?

• Irregular expenses that change from week to week or month to month

• The amount of money in your bank account

• Costs that do not fluctuate from week to week or month to month

• The amount of cash in your purse/wallet

Ann bought an old lamo at a garage sale. She fixed it up and sold it for a profit. Ann made a list about what she did.

Price paid for the lamp: $15 Cost to repair: $3.44 Cost to paint: $7.24 Selling Price: $29

What was Ann's profti from selling the lamp?

• $18.32

• $14

• $13.32

• $3.32

Evan bought an old mirror at a thrift store. He fixed it up and sold it for a profit. Evan made a list about what he did.

• Price paid for the mirror: $10
• Cost to repair: $1.95
• Cost to paint: $3.88
• Selling price: $35

What was Evan's profit from selling the mirror?

• $19.17

• $25

• $29.17

• $15.83