4.10 Financial Literacy

A variable expense is _______

Profit is ______

What type of expense is the electricity bill?

The table below shows the amounts of Gloria’s expenses for the last three months.

Which expenses were fixed expenses for the three months?

Todd sells Frito Pies during football games.

• Expense for ingredients $214.69

• Sold $785.75 in Frito Pie at the last game

What was the amount of profit that Todd made?

Tara bought an old dresser at a yard sale. She fixed some broken pieces and painted it. After two months she decided to sell it. She made a list of the items she bought to fix it.

• Paint: $12.75

• Wood: $6.00

• Wood screws: $2.00

Tara sold the dresser for $80. What was Tara’s profit from selling the dresser?

Which of the following are fixed expenses?

How confident are you in answering these types of questions?