Grade 5 Budgeting: Compare Costs & Fixed vs Variable Expenses

Lily has $50 to spend on school supplies. She finds a backpack for $25 and a set of notebooks for $10. How much money will she have left after buying both items?

• $15

• $5

• $30

• $20

Tom's family has a fixed monthly internet bill of $60. If they also spend an average of $20 on streaming services each month, what is their total monthly cost for internet and streaming?

• $100

• $60

• $40

• $80

Sarah wants to buy a new video game that costs $40. She has saved $15 so far. How much more money does she need to save to buy the game?

• 35

• 20

• 25

• 30

A family is planning a birthday party. They have a fixed budget of $200. If they spend $80 on food and $50 on decorations, how much money do they have left for games and activities?

• $70

• $50

• $30

• $120

Jake is comparing two different bike prices. Bike A costs $150, and Bike B costs $120. How much more expensive is Bike A than Bike B?

• $20

• $40

• $50

• $30

Emma's monthly expenses include a fixed rent of $800 and variable costs for groceries that average $300. What is her total monthly expense?

• $1000

• $1100

• $1200

• $900

A school is organizing a field trip. The fixed cost for the bus is $200, and each student pays $10. If 30 students go, what is the total cost of the trip?

• $400

• $600

• 500

• $300

Mark has a budget of $100 for a new phone. He finds one for $90 and another for $110. Which phone can he afford, and how much money will he have left after the purchase?

• Mark can afford the $110 phone and will have $10 left after the purchase.

• Mark cannot afford either phone and will have $100 left.

• Mark can afford the $90 phone and will have $20 left after the purchase.

• Mark can afford the $90 phone and will have $10 left after the purchase.

A family spends $150 on groceries every week (variable cost) and has a fixed monthly mortgage of $1,200. What is their total monthly expense for groceries and mortgage?

• $1,200.00

• $1,500.00

• $1,800.00

• $1,849.50

Samantha wants to buy a new dress for $45. If she has a fixed budget of $50, how much money will she have left after buying the dress?

• $20

• $10

• $5

• $15