Glencoe ch 6 Sales prices

What is a sales tax?

• Proof of purchase of a good or service from a store

• A tax on a sale of merchandise or services

• A reduction from the original selling price

• A refund paid to consumers after a purchase

What does a sales receipt serve as?

• Proof of purchase of a good or service from a store

• A refund paid to consumers after a purchase

• A temporary discount from the list price

• A tax on a sale of merchandise or services

What is the total purchase price?

• Refunds paid to consumers after a purchase

• A temporary discount from the list price

• The total selling price plus the sales tax

• The markdown expressed as a percent of the regular selling price

What is unit pricing?

• Refunds paid to consumers after a purchase

• A tax on a sale of merchandise or services

• A reduction from the original selling price

• The use of a standard unit of measurement to compare the prices of packages that are different sizes

What is a markdown?

• A tax on a sale of merchandise or services

• Proof of purchase of a good or service from a store

• A reduction from the original selling price

• A temporary discount from the list price

Coupons

• a temporary discount from the list price

• form of advertising and way to give price sensitive customers a lower price

• The markdown expressed as a percent of the regular selling price of the item.

Rebates

• a temporary discount from the list price

• A tax on a sale of merchandise or services

• refunds paid to consumers after a purchase

• The total selling price plus the sales tax.

markdown rate

• The markdown expressed as a percent of the regular selling price of the item.

• form of advertising and way to give price sensitive customers a lower price

• a reduction from the original selling price

• a temporary discount from the list price

S ales Price

• A tax on a sale of merchandise or services

• proof of purchase of a good or service from a store

• The markdown expressed as a percent of the regular selling price of the item.

• a temporary discount from the list price