Calculations

Calculations

11th Grade

28 Qs

quiz-placeholder

Similar activities

Chapter 12  Review: Product and Promotion

Chapter 12 Review: Product and Promotion

9th Grade - University

26 Qs

ACC Ch 11 Review

ACC Ch 11 Review

10th - 12th Grade

24 Qs

SMIB: Unit 2 Review

SMIB: Unit 2 Review

9th - 12th Grade

25 Qs

Unit 3 - Personal Budgets and Consumer Decision Making

Unit 3 - Personal Budgets and Consumer Decision Making

11th - 12th Grade

29 Qs

Business Law: Chapter 10 Legal Purpose & Proper Form

Business Law: Chapter 10 Legal Purpose & Proper Form

10th - 12th Grade

23 Qs

Vocabulary Set 4

Vocabulary Set 4

9th - 12th Grade

23 Qs

FIVE MAJOR ELEMENTS

FIVE MAJOR ELEMENTS

11th Grade - University

25 Qs

MBA English for 11th grade - General revision

MBA English for 11th grade - General revision

11th Grade

23 Qs

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

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

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

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?