Hestia Business Math

1. It is the price at which the item is actually sold?

• a. Markup

• b. Cost Price

• c. Selling Price

• d. Markdown

3. It is also known as discount it is the amount deducted from the selling price of the item?

• a. Markup

• b. Cost Price

• c. Selling Price

• d. Markdown

4. An important principle in retail business is the proper pricing of its merchandise?

• a. Markup

• b. Cost Price

• c. Selling Price

• d. Markdown

5. It is a quick indicator of the profit available to cover cost?

• a. Markup rate

• b. Markdown rate

• c. Gross margin

• d. Margin rate

6. A percentage of the cost to be added to determine the selling price of the product?

• a. Markup rate

• b. Markdown rate

• c. Gross margin

• d. Margin rate

7. It is a percentage that present how much the earned profit of a business based on its revenue?

• a. Markup rate

• b. Markdown rate

• c. Gross margin

• d. Margin rate

8. It is a percentage of the original selling price?

• a. Markup rate

• b. Markdown rate

• c. Gross margin

• d. Margin rate

9. It is refer to the difference between revenue and expenses, where businesses typically track their gross profit

• a. Profit

• b. Lost

• c. Gross profit

• d. Margin

10. It is an excess of expenses over revenues, either for a single business transaction or in reference to the sum of all transactions for an accounting period?

• a. Profit

• b. Loss

• c. Gross profit

• d. Margin

11. The profit a business makes after subtracting all the costs that are related to manufacturing and selling its products or services.

• a. Profit

• b. Lost

• c. Gross profit

• d. Margin