Calculations

Calculations

11th Grade

28 Qs

quiz-placeholder

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Calculations

Calculations

Assessment

Quiz

Business

11th Grade

Practice Problem

Hard

CCSS
7.EE.B.3, 7.RP.A.3, 7.NS.A.3

+2

Standards-aligned

Created by

Mr Suggitt

Used 15+ times

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28 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the definition of Revenue?

Income from the sales of goods and services
Income from the cost of goods and services 
The money made on products
Cash coming into the business from suppliers and customers

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When is a business making a profit?

When revenues are higher than costs
When revenues equal costs
When revenues are less than costs

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How do you calculate revenue?

sales x price

price x cost

cost + sales

sales - total price

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How do you calculate Gross Profit Margin?

gross profit / sales (revenue) x 100

gross profit x sales (revenue) / 100

gross profit / sales (revenue) / 100

gross profit x sales (revenue) x 100

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Martha bought beads for $0.50 and yarn for $1.00 to make a necklace. If she sold it for for $4.00, what is her profit?

$5.50
$2.00
$2.50
$3.50

Tags

CCSS.7.EE.B.3

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Mrs. Amos sold her six flags ticket for $50.00. She bought it for $35.00. What was her profit?

$25.00
$15.00
$85.00
$20.00

Tags

CCSS.7.EE.B.3

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Sam bought a new game for $12.00 and spent $5.50 for shipping. He went and sold it later for $20.00. What is his profit?

not here
$32.00
$3.50
$2.50

Tags

CCSS.7.NS.A.3

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