What you own, what you owe, and net worth

Answer Key - Grade 7 Math Worksheet

Circle the best answer, or write your answer on the line.

1. Read this first

   Use this

   Net worth record. Owns (assets): savings | $650; bike | $140; tablet | $220. Owes (liabilities): dentist | $90; phone | $130.

2. 1.

   Kira reads Ms. Hale's pretend net worth record in the table. What is the net worth?

   $790

3. Use this

   Net worth record. Owns (assets): savings | $820; laptop | $480; bike | $190. Owes (liabilities): laptop | $150; dentist | $60.

4. 2.

   Milo reads Ms. Frost's pretend net worth record in the table. What is the net worth?

   $1,280
5. 3.

   Mr. Grove owns a car of $3,600, savings worth $1,100 and furniture worth $550, and owes $1,900 for the car and $120 for the electric company. Ren finds the net worth. What is it?

   $3,230
6. 4.

   Ms. Wells owns savings of $760, a laptop worth $420 and a guitar worth $180, and owes $130 for the laptop and $70 for the dentist. Tala finds the net worth. What is it?

   $1,160
7. 5.

   Ari reads Ms. Yates's pretend net worth record. It lists a bike bought for $200. It is now worth 70% of that. What is the bike worth now?

   $140
8. 6.

   Bo reads Ms. Hale's pretend net worth record. It lists a phone bought for $300. It is now worth 60% of that. What is the phone worth now?

   $180

9. Net worth record, assets column

   Item	Amount
   savings	$600
   car	$3,000
   furniture	$400

10. 7.

    Kira reads Mr. Dunn's pretend net worth record. What percent of the total assets is the savings?

    15
11. 8.

    Luz reads Ms. Shaw's pretend net worth record. What percent of the total assets is the car?

    75
12. 9.

    Milo reads Ms. Wells's pretend net worth record. What percent of the total assets is the laptop?

    40
13. 10.

    Noah reads Mr. Grove's pretend net worth record. What percent of the total assets is the tablet?

    14