Understanding Profit Quiz

What is profit?

• The amount of money a person or a business makes

• The total income received from selling goods

• The amount of money spent on buying a product

• The total money spent on goods

Martha sold ten glasses of lemonade for $1 each. What was her total income?

• $10

• $5

• $15

• $20

How much did Martha spend on lemonade mix and cups?

• $3

• $8

• $10

• $5

What was Martha's profit after selling her lemonade?

• $5

• $10

• $15

• $0

Devon sold 12 cookies for $2 each. What was his total income?

• $18

• $12

• $24

• $30

Sam owns a T-shirt printing business. His expenses are $4 per shirt. Sam sells each shirt for $10. He sold 327 shirts last month. How much total profit did Sam make on T-shirts last month?

• $1,962

• $327

• $1,308

• $989

Jamie builds and sells boxes for worm farms. The materials to build cost $13. She sells the boxes for $20. How much profit will Jamie make?

• $7

• $27

• $13

• $20

Jackie is making lemonade. She buys sugar, lemons, and cups for $17. She made $41 from selling the lemonade. What is her profit?

• $58

• $17

• $24

• $41