Locked or Loose?
Jordan pays $10 every month for a phone plan, and the cost never changes.
👉 Is this expense fixed or variable?
Fixed
Ella sells handmade cards at a school event and earns $20. It cost her $8 to make them.
👉 What is her profit?
$12
A small business made $42 in receipts and spent $19 on expenses.
👉 What was the profit?
$23
Every month, Kayla pays the same amount for her apartment rent.
👉 Why is this considered a fixed expense?
It stays the same amount every month
A business lowers its expenses but keeps earning the same amount in receipts.
👉 What happens to the profit?
Profit increases
Avery buys a different amount of snacks each week depending on how hungry they are.
👉 Is this fixed or variable?
Variable
Noah runs a lemonade stand and brings in $65. He spent $23 on supplies.
👉 What is his profit?
$42
A student earned $80 from selling crafts and ended up with $50 profit.
👉 How much did they spend?
$30
When Diego’s family has guests over, they spend more money on groceries than usual.
👉 Why is this a variable expense?
The amount changes depending on the situation
A student earns $60 selling items and spends $60 on supplies.
👉 What is the profit, and why?
$0 (receipts and expenses are equal)
Marcus pays $85 for car insurance every month, but the price goes up once a year.
👉 Is this fixed or variable? Explain your thinking.
Fixed (it stays the same regularly, even if it changes later)
Mia sells 10 bracelets for $4 each. She spent $22 on materials.
👉 What is her profit?
$18
A snack stand had $27 in expenses and made $15 in profit.
👉 What were the total receipts?
$42
Jalen pays $15 each month for a game subscription, but sometimes buys extra in-game items.
👉 Which expense is fixed and which is variable?
Subscription = Fixed, Extra purchases = Variable
Emma buys groceries every week, but the amount she spends changes.
👉 Can this still be considered a variable expense even though it happens regularly? Explain.
Yes, because the amount changes
Sofia’s electric bill changes depending on how much she uses the air conditioner.
👉 Is this fixed or variable? Why?
Variable (amount changes based on usage)
Ethan holds a garage sale and makes $140. He originally spent $55 on the items he sold.
👉 What is his profit?
$85
A fundraiser brought in $125, and $78 was spent on supplies.
👉 What was the profit?
$47
Taylor wants to earn more profit from selling snacks at school.
👉 What are two different ways Taylor could increase profit?
Increase receipts (sell more or raise prices) OR decrease expenses
A seller lowers prices but sells twice as many items as before.
👉 How could this affect their profit?
Profit could increase, decrease, or stay the same depending on totals
Liam notices his water bill is usually close to the same, but not exactly the same each month.
👉 Should this be considered fixed or variable? Defend your answer.
Variable (even small changes mean it’s not fixed)
Olivia sells 18 keychains for $3 each. Her total expenses were $35.
👉 What is her profit?
$19
A business made $48 profit after spending $52 on supplies.
👉 What were the total receipts?
$100
Two friends each earn $75 selling items.
The one who spent $20 (lower expenses = higher profit)
A business has high receipts but also very high expenses.
👉 What might their profit look like, and why?
Profit could be low because expenses are high