Profit Calculation and Financial Institutions

Sophia had four $5 bills, one $10 bill, three quarters, and five dimes.

She bought a book for $18.49.

How much money did Sophia have after she purchased the book?

• $17.86

• $12.76

• $12.01

• $11.51

Daniel buys a used guitar for $50. He spends $15 on new strings and repairs.

He then sells the guitar for $90.

What is Daniel’s profit in dollars? Record your answer in the space provided.

Mathematical Equivalence

ON

Emma had a $10 bill, 3 quarters, 5 dimes, and 8 nickels. She bought a pack of gum for $2.49.

How much money does she have left?

• $7.61

• $9.16

• $6.51

• $7.01

Becca baked and sold cookies in her neighborhood. The cost of ingredients to make the

cookies was $15.60. The money she received from selling the cookies was $32.45.

What was Becca’s profit?

• $16.85

• $17.85

• $49.30

• $47.30

What was Mr. Carter’s total profit from selling the basketball, cleats, and tennis racket?

Complete the sentence by selecting the correct answer from the drop-down menu.

Mr. Carter’s total profit is​ ​ ​ (a)  

• $30.50
• $48.50
• $66.50
• $47.50

Evelyn buys a bookshelf for $25. She spends $10 on wood stain and brushes to refurbish it.

She then sold the bookshelf for $55.

What is Evelyn's profit in dollars?

• $90

• $35

• $20

• $80

Oliver had a $20 bill, 6 quarters, 7 dimes, and 3 nickels. He bought a sandwich for $8.75.

How much money does he have left?

• $13.60

• $11.25

• $13.06

• $12.75

Mr. Johnson buys and sells used furniture. He purchased a chair, a table, and a lamp for

$20.00. He then sold each item for the price shown in the list.

● He sold the chair for $18.50.

● He sold the table for $25.75.

● He sold the lamp for $15.30.

What was Mr. Johnson’s total profit from selling the chair, table, and lamp?

Mathematical Equivalence

ON

Income: $75.00

Expense: $12.50

• Profit: $62.50

• Profit: $50.00

• Profit: $70.00

• Profit: $60.00

Income: $34

Expense: $9

• 25

• 24

• 23