Q4 - Final Exam ** Dec- 2024

Front

What is the formula to calculate the total price after a discount and tax?

Back

Total Price = (Original Price - Discount) + Tax

Front

How do you calculate the discount amount?

Back

Discount Amount = Original Price x Discount Rate

Front

What is the formula to find the total cost of stock purchases including commission?

Back

Total Cost = (Number of Shares x Market Price) + Commission

Front

How do you calculate monthly salary from annual salary?

Back

Monthly Salary = Annual Salary / 12

Front

What is gross pay?

Back

Gross Pay is the total amount earned before deductions such as taxes and benefits.

Front

How do you calculate gross pay for hourly workers?

Back

Gross Pay = Hours Worked x Hourly Rate

Front

What is the formula to find the remaining balance in an account after a purchase?

Back

Remaining Balance = Initial Balance - Purchase Amount

Front

What is the significance of commission in stock purchases?

Back

Commission is a fee paid to brokers for executing a trade, affecting the total cost of the purchase.

Front

How do you calculate the total price of an item after applying a percentage tax?

Back

Total Price = Price + (Price x Tax Rate)

Front

What is the difference between net pay and gross pay?

Back

Net Pay is the amount received after deductions, while Gross Pay is the total earnings before deductions.