# Consumer Math

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Joey-O's Organic Farm Financial Plan

Revenues Budgeted Amounts

From Farming \$70,000
From Sales 8,200
Total \$78,200

EXPENSES :

Fertilizer \$3,000
Pesticides 400
Feed 1,500
Equipment 1,700
Salaries 21,200
Supplies 300
Utilities 2,800
Insurance and
interest 14,900
Repairs 2,100
TOTAL \$47,900

PROFIT :
Gross Profit \$_____
Tax (at 18%) \$_____
Net Profit \$_____

30.
What was Joey-O's farm's gross profit?
a) \$47,900
b) \$30,300
c) \$78,200

31.
How much tax did Joey-O's pay?
a) \$3,030
b) \$7,820
c) \$5,454

32.
What was Joey-O's net profit?
a) \$30,300
b) \$24,846
c) \$47,900

• Consumer Math -

30. A

31. C

32. B

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