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WorksheetsQuiz on Discounts, Mark-up, Markdown, and Profit and Loss
Total questions: 20
Worksheet time: 14mins
A (a) is the amount by which the retail price of a product is reduced by the manufacturer when it is sold to the reseller or customer.
It is a fee for a service or product before discounts are deducted or sales taxes are added.
(a)
It is computed by dividing the trade discount and the original price.
(a)
Trade Discount: Php500
Discount rate: 10%
List Price: _________?
Php 50, 000.00
Php 500.00
Php 1,000.00
Php 5, 000.00
Original Price: Php6,500
Trade Discount: Php1,200
Net Price: ______________?
Php 7, 700.00
Php 5, 200.00
Php 5, 300.00
Php 5, 000.00
A shirt originally costs ₱999. If it is on sale with 20% off, how much will you pay to the cashier?
Php 199.8
Php 799.2
Php 979.02
Php 979.00
A pair of pants originally costs ₱2 100. If it is on sale with 10% off, how much is the discount price?
Php 210.00
Php 1, 890.00
Php 200.00
Php 1, 800.00
When only one discount rate is offered, it is (a)
When more than one discounts are offered, it is (a)
Kinabalu store offers discount of 12% on A4 paper it sells.
12% is _____
Chain Discount Rate
Single Discount Rate
An invoice of RM 1500 is offered cash discount terms of 5/10, 3/20, n/60
What is 5/10 stand for?
5 divided with 10
5% will be offered if the buyer or customer manage to pay the bills within 10 days
5% will be offered if the buyer or customer manage to pay the bills within 20 days
No discount offered
An invoice of RM 1500 is offered cash discount terms of 5/10, 3/20, n/60
What is n/60 stand for?
n divided with 60
Cash discount will be offered if the buyer or customer manage to pay the bills within the discount period
cash discount will be offered if the buyer or customer manage to pay the bills within 20 days
No discount offered, buyer have to pay full amount of bill
If a business's costs exceeds it sales revenue, it will experience a ........?
loan
profit
loss
debt
Cost price =
selling prce - profit
profit - selling price
selling price + profit
none of the above
A house was purchased for Rs. 15525 and sold for Rs. 14575. What is the loss or profit in this transaction ?
a) Profit Rs.950
b) Loss Rs.950
c) Loss Rs. 850
d) Loss Rs. 1051
Roma purchased mathematics books at Rs. 350 and sold it at Rs. 500 so what is the profit ??
P. Rs. 100
L. Rs. 150
P. Rs. 140
P. Rs. 150
What is the total cost of an piano that costs $1200 with a markup of 75%?
$2100
$1275
$300
$96.30
Which is cheaper? A) A BASKETBALL that costs $14.50. with 10% sale. OR B) A FOOTBALL that cost $15 with 12% sale.
Basketball
Football
The Miller family received their bill for $49.00 from their waiter. Mom wants to leave a 15% tip and Dad wants to leave a 20% tip. How much more money total does Dad want to leave than Mom?
$2.45
$2.65
$4.80
$9.80
