
Profit and Loss
Authored by Sarah Williams
English
University
CCSS covered

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25 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
the money you have left after paying for business expenses.
loss
price
profit
cost
Tags
CCSS.6.RP.A.3B
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
neither make a profit nor lose money
loss
make profit
break even
Tags
CCSS.6.EE.A.2C
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Maria sold a bicycle for $ 24900 at a profit of $ 600. Find the price at which she bought it.
$ 24300
$ 600
$ 24900
Tags
CCSS.4.OA.A.3
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Ron has a cycle worth $ 1800 and he wants to sell it at a profit of $ 220. What should cycles selling price be?
$ 1800
$ 2020
$ 900
Tags
CCSS.7.EE.B.3
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
the amount of money your business earns after deducting all operating, interest, and tax expenses over a given period of time.
variable costs
overhead costs
net profit
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Nora bought her home in 2002 for $310,000. She sold her home in 2012 for $650,000. What profit did she make?
$300,000
$330,000
$340,000
Tags
CCSS.7.EE.B.3
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How often is a profit and loss statement issued?
once in a fiscal period
twice in a fiscal period
twelve times in a fiscal period
anytime in a fiscal period
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