Understanding Commission and Discounts

Understanding Commission and Discounts

7th Grade

9 Qs

quiz-placeholder

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Understanding Commission and Discounts

Understanding Commission and Discounts

Assessment

Quiz

Others

7th Grade

Practice Problem

Easy

Created by

Christ King

Used 1+ times

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9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a commission rate?

A commission rate is a bonus given to customers for referrals.

A commission rate is the total amount of sales made by a company.

A commission rate is a fixed fee paid to a salesperson.

A commission rate is a percentage of a sale paid to a salesperson.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a salesperson earns 10% commission on a $200 sale, how much do they earn?

$30

$20

$15

$25

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a shirt originally costs $50 and is on a 20% discount, what is the sale price?

$40

$45

$30

$25

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a product is priced at $80 and has a 15% discount, what is the amount of the discount?

$12

$15

$10

$20

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do discounts affect the final price of a product?

Discounts only apply to certain types of products.

Discounts lower the final price of a product by reducing the original price.

Discounts have no effect on the final price of a product.

Discounts increase the final price of a product.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a salesperson sells a car for $25,000 with a 5% commission, how much do they earn?

$1,250

$1,500

$1,000

$2,500

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference between a flat commission and a percentage commission?

A flat commission is a fixed amount, while a percentage commission is based on a percentage of the sale's value.

A flat commission varies with the sale's value, while a percentage commission is a fixed amount.

A flat commission is calculated monthly, while a percentage commission is calculated annually.

A flat commission is only used in real estate, while a percentage commission is used in all sales.

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