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by BlastRoom
Practice figuring out how what something costs to make and what it sells for decide profit or loss.
#economics#us_grade_3_social_studies
40 questions
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Earn blasts, then hunt the other team.
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It costs Ana 3 dollars to make one candle. She sells each candle for 8 dollars. What is her profit on one candle?
A baker spends 2 dollars on the parts of one pie and sells that pie for 9 dollars. What is her profit?
What do we call the money a business has left after it pays all of its costs?
Lena's lemonade costs her 1 dollar a cup to make. She sells a cup for 4 dollars. What is her profit per cup?
A wooden toy costs Sam 10 dollars to make. He sells it for 6 dollars. Did Sam earn a profit or take a loss?
Kai buys one soccer ball for 12 dollars and sells it for 20 dollars. What is his profit on the ball?
When a shop sells more goods that each earn a profit, its total profit goes up.
A shop pays 15 dollars for a jacket and sells that jacket for 25 dollars. What is the profit on the jacket?
Each bag of popcorn costs Rosa 3 dollars to make, and she sells each bag for 3 dollars. What is her profit per bag?
A shop sews pencil cases and keeps the price the same. Which change would raise the profit on each pencil case?
A juice stand keeps its costs the same. Which change would raise the profit on each cup of juice?
The wages a business pays its workers are not one of its costs.
Ben sells 3 birdhouses for 9 dollars each. How much money does he earn from those sales?
Each mug costs Nia 5 dollars to make, and she makes 4 mugs. What is her total cost?
A food cart sells 5 sandwiches for 6 dollars each. How much money comes in from those sales?
A craft business has total costs of 14 dollars and total sales of 22 dollars. What is its profit?
Why does a business owner need to know what it costs to make each good?
A kite cost a shop 9 dollars, and the shop sold it for 7 dollars. How much money did the shop lose on the kite?
A business that sells a chair for less than it cost to make takes a loss.
It costs Mateo 2 dollars to make one poster, and he sells each poster for 6 dollars. What is his profit on 3 posters?
A school club spends 10 dollars on supplies and earns 25 dollars at a bake sale. What is the club's profit?
A worker builds wooden toy trucks. Which one is a cost of making a truck?
A candle cost 6 dollars to make and sells for 9 dollars. What does the 9 dollars stand for?
A business keeps all of the money from a sale as profit.
It costs a shop 3 dollars to make one smoothie. Which price would give the shop a profit on a smoothie?
A store buys sun hats for 4 dollars each and sells them for 7 dollars each. What is the profit on 2 hats?
Nora sells 6 bookmarks for 2 dollars each. How much money does she take in from the sales?
A drink stand spent 5 dollars on cups and took in 13 dollars from sales. What is the stand's profit?
What do we call the money a worker earns for doing a job?
A bike shop pays 30 dollars for a bike and sells that bike for 45 dollars. What is the profit on the bike?
The cost of flour goes up, but a bakery keeps the price of a loaf the same. What happens to the profit on each loaf?
A good's cost and its price both go up by 1 dollar. The profit on that good stays the same.
A juice stand took in 18 dollars and had costs of 20 dollars. Did the stand earn a profit or take a loss?
A flower cart had costs of 16 dollars and sales of 11 dollars. How much money did the cart lose?
A girl buys lemons to make lemonade for her stand. Is buying the lemons a cost or a profit?
An entrepreneur opens a candle shop. What must she pay before she can earn any profit?
Two shops each sell the same bag for 10 dollars. Shop A pays 6 dollars for a bag and Shop B pays 8 dollars. Which shop earns more profit?
It costs Ivy 5 dollars to make one scarf. She sells 3 scarves for 8 dollars each. What is her total profit?
The price of a good is the money a business spends to make it.
A gift shop earns a profit on every mug it sells. What must be true about the price of a mug?
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Celebrations and Holidays
40 questions
