Hestia Business Math
Authored by Leonel Nepomuceno
Mathematics
11th Grade
Used 36+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
1. It is the price at which the item is actually sold?
a. Markup
b. Cost Price
c. Selling Price
d. Markdown
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
3. It is also known as discount it is the amount deducted from the selling price of the item?
a. Markup
b. Cost Price
c. Selling Price
d. Markdown
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
4. An important principle in retail business is the proper pricing of its merchandise?
a. Markup
b. Cost Price
c. Selling Price
d. Markdown
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
5. It is a quick indicator of the profit available to cover cost?
a. Markup rate
b. Markdown rate
c. Gross margin
d. Margin rate
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
6. A percentage of the cost to be added to determine the selling price of the product?
a. Markup rate
b. Markdown rate
c. Gross margin
d. Margin rate
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
7. It is a percentage that present how much the earned profit of a business based on its revenue?
a. Markup rate
b. Markdown rate
c. Gross margin
d. Margin rate
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
8. It is a percentage of the original selling price?
a. Markup rate
b. Markdown rate
c. Gross margin
d. Margin rate
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