
ACTIVITY # 1: RECALL ( BUYING & SELLING)
Quiz by Serafin Eduarte
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
1. To compute for the selling price: Selling Price=__________+Operating cost+ profit
1. To gain a profit and cover up the cost of an item, _______________ is necessary.
3. When a mall decides to put selected items on sale, they are imposing a_______________.
During Christmas season, prices of Christmas decorations increasebecause retailers are deciding to have a ________ on the prices of their items.
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 ___________________.
It isa one-time discount is given to customers as they buy the product
It is a type of discount in which several discounts are given to a customer at different times and different conditions
It is the final charge you pay for a product or service after discounts and sales taxes are deducted
It is the fee for a service or product before discounts are deducted or sales taxes are added
1. What single discount is equivalent to two successive discounts of 30% and 15%?