Financial Literacy 4th

Which statement about Adam's expenses is true?

• School lunches are a fixed income, but book fairs are a variable expense.

• Both school lunches and book fairs are fixed expenses.

• Both school lunches and book fairs are variable expenses.

• The book fairs are a fixed expense but school lunches are a variable expense.

Which expenses were variable expenses for Trina during these three months?

• Water and Electricity only

• Rent, Water, and Electricity

• Rent and Cable TV only

• Cable TV only

Tags

CCSS.3.OA.D.9

Which expenses were fixed expenses for Ms. McCulley during these three months?

• Groceries, gasoline, and utilities only

• Rent and car payment only

• None of the expenses

• All of the expenses

Tags

CCSS.3.OA.D.9

Based on the table, which statement is true about the amounts Sheldon and Jenna paid for electricity during these six months?

• Only Sheldon's electricity expense was a fixed expense.

• Only Jenna's electricity expense was a fixed expense.

• Both Sheldon's electricity expense and Jenna's electricity expense were variable expenses.

• Both Sheldon's electricity expense and Jenna's electricity expense were fixed expenses.

Ms. Lanford buys and sells used clothes. Ms. Lanford bought a dress, a sweater, and shorts for a total of $12.00. She then sold each item for the price shown in the list.

-Dress $20.75

-Sweater $15.25

-Shorts $8.50

What was Ms. Lanford's total profit from selling the dress, sweater and shorts?

• $12.00

• $56.50

• $32.50

• $44.50

Tags

CCSS.6.NS.B.3

Zoey sold snacks at the neighborhood pool. The cost of preparing the snacks was $10.29. The money she received from the sale of the snacks was $21.75.

What was Zoey's profit?

• $32.04

• $21.75

• $11.46

• $10.29

Tags

CCSS.6.NS.B.3

Raina sold pens decorated with fancy tape.

-Raina's expenses were $11.57 for supplies.

-Raina sold 12 pens for $2 each.

What was Raina's profit?

• $24.00

• $35.57

• $12.43

• $2.43

Tags

CCSS.6.NS.B.3

• A

• B

• C

• D

Tags

CCSS.7.EE.B.3

Gwen bought an old table. She repaired it and painted it so that it looked new. Then she sold the table. Gwen made this list about what she did.

• Price paid for old table: $10.00

• Cost to repair: $5.00

• Cost to paint: $7.50

• Selling price: $50.00

What was Gwen’s profit from selling the table?

• $27.50

• $50.00

• $22.50

• $40.00

Tags

CCSS.6.NS.B.3

Tom helped his uncle move. He spent $30 for gas for his truck, and $20 for work gloves. His uncle paid him $200 for his help. What was Tom's profit?

• $50

• $150

• $250

• $30

Tags

CCSS.3.OA.D.8