Quiz about Profit and Expenses

Question 1

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?

Accepted Answer

$16.00

Answer

$28.00

Answer

$10.00

Answer

$14.00

Question 2

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?

Accepted Answer

$40

Answer

$55

Answer

$60

Answer

$50

Question 3

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?

Accepted Answer

$15

Answer

$25

Answer

$20

Answer

$35

Question 4

Allison made 36 cupcakes to sell at her cake stand. She sold all of the cupcakes that she made. Allison made a list about what she did.

*price paid for ingredients $25

*price paid for cupcake liners $6

*selling price for each cupcake $2

Accepted Answer

$41

Answer

$31

Answer

$72

Answer

$33

Question 5

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

Accepted Answer

$20.50

Answer

$18

Answer

$27.50

Answer

$20

Question 6

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?

Accepted Answer

$69.25

Answer

$13162

Answer

$33

Answer

$63

Question 7

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?

Accepted Answer

$39.50

Answer

$42.50

Answer

$23

Answer

$85.50

Question 8

Weston bought a picture frame for $3 at a thrift store. He paid $2 for paint to update it. He sold the frame for $15. How much profit did he earn?

Accepted Answer

$10

Answer

$20

Answer

$13

Answer

$12

Question 9

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?

Accepted Answer

$24.50

Answer

$48

Answer

$28

Answer

$44.50

Question 10

Latrell bought an old rocking chair at a yard sale for $12. He spent a total of $4.75 on supplies to repair and paint it. He sold it for $38. How much profit did he earn?

Accepted Answer

$21.25

Answer

$16.75

Answer

$33.25

Answer

$30.75

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