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Financial Literacy: Profit or Loss? Flashcards | StudBud
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Financial Literacy: Profit or Loss?
Financial Literacy: Profit or Loss?
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Flashcards
5 cards
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Practice quiz
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Questions
5
Answers
1
What’s an example of a fixed cost?
Rent
Ice
Lemon
Cup
2
You spend $5 to make lemonade and earn $10. What is this?
Zero
Mistake
Profit
Loss
3
Which item will likely cost the most?
Lemon slice
Paper cup
Logo sticker
Table rental
4
Your cost is $8 and you only sell for $6.
Profit
Loss
Bonus
Free gift
5
If your selling price is higher than cost, you get…?
Bonus
Profit
Refund
Penalty
