The Econ4U Company Costs Quiz

On average, how many dollars are earned by the owner of a full-service restaurant for every $100 spent dining out?

$2
$4
$10
$45
Please select an answer.

On average, how much profit is earned by a grocery store owner for each $100 spent on groceries?

$1.40
$25.00
$70.50
$100
Please select an answer.

If you withdraw $20 from an ATM machine that isn't owned by your bank, how much do you typically pay in fees?

Less than $1.00
$1.00 - $2.00
$2.00 - $3.00
$3.00 or more
Please select an answer.

Which costs the most per gallon?

Gasoline
Bottled water
Milk
Beer
Please select an answer.

What is the average profit margin of Wal-Mart?

about 3%
about 25%
about 50%
about 90%
Please select an answer.

If you buy a gallon of gas for $3.00, about how much money does the gas station earn in profit on that gallon?

$0.01
$0.15
$0.50
$1.00
Please select an answer.

Which of the following makes up the smallest percentage of a typical restaurant's sales?

Rent
Labor costs
Profit
Food costs
Please select an answer.

How many cents can retailer expenses - like credit card fees - take out of a gas station owner's gross profit per gallon?

$0.01
$0.04
$0.13
$0.23
Please select an answer.