Financial Maths - Pre & Post Test

The ________ price is the amount of money paid for an item by a shop.

• cost

• sale

• discount

• real

________ , is the amount of money added to the cost price of an item for sale.

• Up-sale

• Mark-up

• Inflation

• Discount

Cost price is also known as the ________ price.

• recommended retail

• marked

• sale

• buying

_________ = cost price + mark-up

• Marked-price

• Discount

• Trade discount

• Buying price

The marked-price is also known as the ___________

• recommended retail price

• selling-price

• discount price

• profit

A _______ is made when items are sold for more than they cost.

• discount

• profit

• loss

• sale

________ = selling price - cost price

• retail price

• loss

• discount

• profit

A _______ is the amount taken off the marked price

• loss

• discount

• profit

• mark-up

A __________ discount is the discount on the recommended retail price.

• sale

• trade

• cheap

• cost-price

GST means

• Great Service Tax

• Goods and Services Tax

• Guidlines for Societal Taxation

• Guide for Societies Taxes