Chap 5

If a 20% return on sales is required from product X, its selling price per unit should be

• £271.45

• £282.31

• £286.66

• £298.60

The selling price per unit of product L is

• £47.52

• £51.84

• £54.00

• £61.56

The selling price for a batch of 300 binders should be

• £189.00

• £193.20

• £201.60

• £252.00

What should be the selling price of job B?

• £69,435

• £75,523

• £84,963

• £258,435

The selling price to be quoted for job 173 is

• £404

• £424

• £485

• £505

An item priced at £90.68, including local sales tax at 19%, is reduced in a sale by 20%. The new price before sales tax is added is

• £58.76

• £60.96

• £72.54

• £76.20

Three years ago a retailer sold electronic calculators for £27.50 each. At the end of the first year he increased the price by 5% and at the end of the second year by a further 6%. At the end of the third year the selling price was £29.69 each. The percentage price change in Year 3 was a

• 2.7% decrease

• 3.0% increase

• 3.0% decrease

• 3.4% decrease

At a sales tax rate of 12%, an article sells for £84, including sales tax. If the sales tax rate increases to 17.5%, the new selling price will be

• £75.00

• £86.86

• £88.13

• £88.62

A greengrocer sells apples either for 45p per kg, or in bulk at £9 per 25 kg bag. The percentage saving per kg from buying a 25 kg bag is

• 9%

• 11.25%

• 20%

• 25%

A skirt which cost a clothes retailer £50 is sold at a profit of 25% on the selling price. The profit is therefore

• £12.50

• £16.67

• £62.50

• £66.67