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Glencoe ch 6 Sales prices

Total questions: 9

Worksheet time: 5mins

Name
Class
Date
1.

What is a sales tax?

a)

Proof of purchase of a good or service from a store

b)

A tax on a sale of merchandise or services

c)

A reduction from the original selling price

d)

A refund paid to consumers after a purchase

2.

What does a sales receipt serve as?

a)

Proof of purchase of a good or service from a store

b)

A refund paid to consumers after a purchase

c)

A temporary discount from the list price

d)

A tax on a sale of merchandise or services

3.

What is the total purchase price?

a)

Refunds paid to consumers after a purchase

b)

A temporary discount from the list price

c)

The total selling price plus the sales tax

d)

The markdown expressed as a percent of the regular selling price

4.

What is unit pricing?

a)

Refunds paid to consumers after a purchase

b)

A tax on a sale of merchandise or services

c)

A reduction from the original selling price

d)

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

5.

What is a markdown?

a)

A tax on a sale of merchandise or services

b)

Proof of purchase of a good or service from a store

c)

A reduction from the original selling price

d)

A temporary discount from the list price

6.

Coupons

a)

a temporary discount from the list price

b)

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

c)

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

7.

Rebates

a)

a temporary discount from the list price

b)

A tax on a sale of merchandise or services

c)

refunds paid to consumers after a purchase

d)

The total selling price plus the sales tax.

8.

markdown rate

a)

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

b)

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

c)

a reduction from the original selling price

d)

a temporary discount from the list price

9.

S ales Price

a)

A tax on a sale of merchandise or services

b)

proof of purchase of a good or service from a store

c)

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

d)

a temporary discount from the list price