NEW
Font size
WorksheetsUnderstanding Profit and Income Concepts
Total questions: 78
Worksheet time: 4hrs 34mins
Jamie builds and sells boxes for worm farms. The materials to build cost $13.37. She sells the boxes for $20. How much profit will Jamie make?
$7.63
$33.37
$13.37
$6.37
Simon sells hamburgers. He buys the buns and meat for $15. He sells the hamburgers for $3 each. He sells 12 hamburgers.
What is Simon's profit?
$12
$21
$36
$3
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
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
How do you calculate profit?
income x price
expenses x income
expenses - income
income- expenses
What is Income?
money spent on materials
money earned
money you get to keep
What are expenses?
money spent on materials or bills
money earned
money you get to keep
What is profit?
money spent on materials or bills
money earned
money you get to keep after subtracting income - expenses
Donovan made a picnic table to sell for profit. He made a list about what he did:
*price paid for wood: $45
*price paid for nails: $5
*cost of paint: $10
*selling price: $100
What was Donovan's profit from selling the table?
$55
$60
$40
$50
Sandra sold corn in a cup at the fall festival. The cost of making the corn in a cup was $9.29. The amount received from the sale was $22.35.
What was Sandra's profit?
$13.06
$27.14
$31.64
not here
Charles bought an old rocking chair. He fixed it up so it looked new. Charles made the following purchases to repair the old rocking chair.
- price paid for rocking chair $20
- Cost of repairs $8
- Cost of paint $7.50
- Selling price $65
What was Charles's profit from selling the rocking chair?
$34.50
$30.50
$51.50
$87.50
Claudia sold beaded bracelets.
- Claudia's expenses were $13.65 for supplies.
- Claudia sold 10 bracelets for $4 each.
What was Claudia's profit?
$10.65
$26.35
$33.65
not here
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
Ben made homemade ice cream and sold it at a county fair for a profit. Ben made a list about what he did.
- Price paid for the ingredients: $58.93
- Price paid for the cups and spoons: $15.75
- Selling price for all of the ice cream: $154.25
What was Ben's profit from selling the ice cream?
$79.75
$74.68
$79.57
$228.93
Jane made a quilt and sold it for a profit. She made a list about what she did.
- Price paid for fabric: $19.45
- Price paid for thread: $5.33
- Price paid for other supplies: $5.61
- Selling price: $75
$40.61
$30.39
$29.64
$44.61
Adrian decided to open up a donut shop! He spent $213 on supplies and ingredients. He earned $789.33 on his first day. What is Adrian's profit?
$676.33
$213.00
$1,002.33
$576.33
Josselyn owns her taco shop! She spent $125 on ingredients. She earned $325.23 on Monday and $98 on Tuesday. What is Josselyn's profit?
$423.23
$298.23
$287.23
$297.23
Which institutions best known for lending people lending business money?
Bank
Post Office
Hospital
Insurance Company
Ava paid $10 for 14 pencil sharpeners and paid $2.00 for shipping. She sold them for $2 each. How much profit did Ava make when she sold all of the pencil sharpeners?
$16.00
$28.00
$10.00
$14.00
Anna bought a lamp at a garage sale. She repaired it and painted it, then she sold it for a profit. The list below is what she did:
*paid for the lamp $5
*cost to paint $3
*cost for new shade $7
*selling price $30
What was Anna's profit from selling the lamp?
$25
$20
$15
$35
Lyndee bought an old coffee table at a garage sale. She repaired it and updated it, then she sold it for a profit. Here is a list of what Lyndee did:
*price paid for coffee table: $11
*price paid for decals: $3
*cost for paint: $4
*selling price: $38.50
$18
$20.50
$27.50
$20
Heath made homemade ice cream and sold it at the Bullard Red, White, and Blue Festival for a profit. Heath made a list of his expenses and selling price.
*price paid for ingredients: $48
*price paid for bowls and spoons: $15
*total selling price for all of the ice cream: $132.25
How much profit did Heath earn?
$13162
$69.25
$33
$63
Brooke made a blanket and sold it for a profit. She paid $20 for fabric and $3 for thread. She sold the blanket for $62.50. How much profit did Brooke earn?
$42.50
$23
$85.50
$39.50
Addison ordered a dozen fancy pens to sell at her school carnival. She sold all of them for $4 each. She paid $20 for the dozen pens and $3.50 for shipping. How much profit did she earn when she sold the dozen fancy pens?
$24.50
$48
$28
$44.50
What is the answer to a division problem?
divisor
dividend
quotient
Which is the dividend in the equation 24 ÷ 6 = 4?
24
6
4
there is no dividend
What equation matched this strip diagram?
371 + 1,203 =
1,203 - 371 =
What equation matches this strip diagram?
346 - 187 = ?
346 + 187 =
What equation matches this dtrip diagram?
254 + 449 = ?
449 - 254 =
254 - 449 =
Which equation matches the strip diagram?
22 + 21 + 20 = F
F - 22 - 21 = 20
22 - 21 - 20 = F
Which equation matches the strip diagram?
200 + 100 + 100 + 50 - H = 800
200 + 100 + 100 + 50 + H = 800
200 + 100 + 50 + H = 800
Which equation best matches the strip diagram?
40 - 25 + 20 = Q
40 + 25 + 20 = Q
Q - 40 - 25 - 20
Which number sentence matches the strip diagram shown?
8x6=40
6x8=48
8x6=48
6x8=40
What is the product of 3 groups of 7?
10
21
13
14
Which number sentence matches the strip diagram shown?
4x9-34
9x4=34
4x9-36
9x4=36
Multiplication or Division Strip Diagram?
Multiplication
Division
Multiplication or Division Strip Diagram?
Multiplication
Division
What is the equation and answer to this strip diagram?
64÷8=7
64×8=8
8×8=64
64÷8=8
Multiplication or Division Strip Diagram?
Multiplication
Division
Which equation matches this strip diagram?
86 + 26 = P
26 - 86 = P
86 - 26 = P
Which equation matches the strip diagram?
1,000 + 600 = M
1,000 - 600 = M
600 - 1,000 = M
Which number sentence matches the strip diagram shown?
7x6=44
6x7=44
7x6=42
6x7=42
Which equation matches the strip diagram?
400 + 206 = D
400 - 206 = D
206 - 400 + D
A
B
C
D
What equation matches this strip diagram?
346 - 187 = ?
346 + 187 =
Which equation matches the strip diagram?
22 + 21 + 20 = F
F - 22 - 21 = 20
22 - 21 - 20 = F
F
G
H
J
Which equation matches the strip diagram?
200 + 100 + 100 + 50 - H = 800
200 + 100 + 100 + 50 + H = 800
200 + 100 + 50 + H = 800
A
B
C
D
Which number sentence matches the strip diagram shown?
4x9-34
9x4=34
4x9-36
9x4=36
Which equation matches this strip diagram?
86 + 26 = P
26 - 86 = P
86 - 26 = P
Mrs. Guerrero has 315 gluesticks to store into 7 tubs. Which equations shows how to find G, the number of gluesticks Mrs. Guerrero puts in each tub?
315 x 7 = G
G = 315 ÷ 7
G = 325 ÷ 7
315 + 7 = G
The local store has 7 containers with 8 apples in each container. If they sell 20 apples, which equation could be used to find n, the number of apples left?
7 × 8 + 20 = n
7 × 8 - 20 = n
7 + 8 - 20 = n
7 + 8 + 20 = n
A zookeeper has 18 bags of bird seed. Each bag contains 40 pounds of seed. If the zookeeper uses 120 pounds of the seed, which equation can be used to find s, the pounds of seed which will be left?
18 + 40 + 120 = s
18 + 40 -120 = s
18 × 40 -120 = s
18 × 40 + 120 = s
Enrique purchased a bag with 304 candies. He will place an equal number of candies in four bowls. Which strip diagram can be used to determine, c, the number of candies Enrique will place in each bowl?
Lincoln Elementary has 432 trophies to place in 6 cases. They put the same number of trophies in each case. How many trophies did they place in each case? Draw a strip diagram to help you solve the problem.
70
71
72
73
Alberto purchased 7 packages of popsicle sticks to make an art project. Each package had 376 popsicle sticks. How many popsicle sticks did Alberto purchase? Draw a strip diagram to help you solve the problem.
3,632
2,416
2,739
2,632
