ACTIVITY # 1: RECALL ( BUYING & SELLING) | Quizalize

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ACTIVITY # 1: RECALL ( BUYING & SELLING) | Quizalize

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ACTIVITY # 1: RECALL ( BUYING & SELLING)

Quiz by Serafin Eduarte

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Q 1/10
Score 0
1. To compute for the selling price: Selling Price=__________+Operating cost+ profit
20
Users enter free text
Q 2/10
Score 0
1. To gain a profit and cover up the cost of an item, _______________ is necessary.
20
Users enter free text

10 questions

Q.

1. To compute for the selling price: Selling Price=__________+Operating cost+ profit

1

20 sec

Q.

1. To gain a profit and cover up the cost of an item, _______________ is necessary.

2

20 sec

Q.

3. When a mall decides to put selected items on sale, they are imposing a_______________.

3

30 sec

Q.

During Christmas season, prices of Christmas decorations increasebecause retailers are deciding to have a ________ on the prices of their items.

4

20 sec

Q.

Markup rate is the ratio of the increase in price to the cost price while gross marginrate is the ratio of the gross margin to the ___________________.

5

30 sec

Q.

It isa one-time discount is given to customers as they buy the product

6

20 sec

Q.

It is a type of discount in which several discounts are given to a customer at different times and different conditions

7

20 sec

Q.

It is the final charge you pay for a product or service after discounts and sales taxes are deducted

8

30 sec

Q.

It is the fee for a service or product before discounts are deducted or sales taxes are added

9

20 sec

Q.

1. What single discount is equivalent to two successive discounts of 30% and 15%?

10

30 sec

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