Business of Retail - Unit 4

Business of Retail - Unit 4

9th - 12th Grade

14 Qs

quiz-placeholder

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Business of Retail - Unit 4

Business of Retail - Unit 4

Assessment

Quiz

Other

9th - 12th Grade

Medium

Created by

Jennifer Bright-Seymore

Used 402+ times

FREE Resource

14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following refers to the total amount of money that a retailer brings in? (4.1)

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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