Calculating Total Purchase Prices

Calculating Total Purchase Prices

Assessment

Flashcard

Mathematics

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

Student preview

quiz-placeholder

15 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What is a markdown?

Back

A markdown is a reduction in the original selling price of a product, often expressed as a percentage.

2.

FLASHCARD QUESTION

Front

How do you calculate the sale price after a markdown?

Back

Sale Price = Original Price - (Original Price x Markdown Rate)

3.

FLASHCARD QUESTION

Front

What is the formula to find the unit price?

Back

Unit Price = Total Price / Quantity

4.

FLASHCARD QUESTION

Front

How do you compare different pricing options to find the best buy?

Back

Calculate the cost per unit for each option and compare them to determine which is the lowest.

5.

FLASHCARD QUESTION

Front

What is the total purchase price including tax?

Back

Total Purchase Price = Subtotal + (Subtotal x Tax Rate) where Tax Rate is the sum of state and city tax rates.

6.

FLASHCARD QUESTION

Front

If an item costs $200 and has a 10% sales tax, what is the total cost?

Back

Total Cost = $200 + ($200 x 0.10) = $220.

7.

FLASHCARD QUESTION

Front

What is the difference between a sale price and a regular price?

Back

The sale price is the price after a markdown, while the regular price is the original price before any discounts.

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?