Which of the following refers to the total amount of money that a retailer brings in? (4.1)
Business of Retail - Unit 4

Quiz
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Other
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9th - 12th Grade
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Medium
Jennifer Bright-Seymore
Used 402+ times
FREE Resource
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Profit
Revenue
Cost of Goods Sold
Operating costs
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following refers to the amount of money that a retailer makes after accounting for expenses? (4.1)
Profit
Revenue
Cost of Goods Sold
Operation costs
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following refers to the difference between revenue and cost of goods sold? (4.1)
Net profit
Gross profit
Profit margin
Profit margin percentage
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following refers to the difference between revenue and all expenses, including the cost of goods sold and operating expenses? (4.1)
Net profit
Gross profit
Profit margin
Profit margin percentage
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What's the term for reducing the price of an item in order to encourage sales? (4.1)
Net profit
Margin
Markup
Markdown
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If a business' revenue is $1,150 and its cost of goods sold (COGS) is $734, what is the business' gross profit? (4.1)
$1884
$516
$416
There's not enough information to calculate this.
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If a business' gross profit is $100 and its revenue is $500, what is the business' profit margin percentage? (4.1)
20%
100%
25%
There's not enough information to calculate this.
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