Retail Math

Front

You are supposed to have $10.00 in your register at the end of your shift and you have the following: 6 ones, 8 quarters, 10 dimes, and 20 nickels. Which of the following statements is true?

Back

Your drawer is balanced.

Front

Counterfeiting is NOT a federal crime.

Back

False

Front

United States currency is made from cotton and linen.

Back

True

Front

Is there a special polymer thread embedded in higher value US currency?

Back

True

Front

The agency that was established to catch counterfeiters is the Secret Service.

Back

True

Front

A customer gives you a $20 bill for an $18.39 purchase. As change, you should give the customer one penny, one dime, two quarters, and two $1 bills.

Back

False

Front

For purchases by debit card, a store pays a flat rate per sale to a debit-card issuer, such as a bank.

Back

True

Front

A sales slip is a receipt for a customer transaction and usually includes the date, items, price, tax, and total. True or False?

Back

True

Front

When credit card sales are offered by businesses, the amount of total sales by the consumer can increase significantly.

Back

True

Front

A customer pays a deposit for an item and then the business keeps the item in storage until the customer finishes paying off the item in a series of payments.

Back

Layaway