Business Mathematics Midterm exam

Business Mathematics Midterm exam

University

26 Qs

quiz-placeholder

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Business Mathematics Midterm exam

Business Mathematics Midterm exam

Assessment

Quiz

Mathematics

University

Hard

Created by

Joliver Bravo

Used 22+ times

FREE Resource

26 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

It is a type of discount offered to a customer based on a number of different conditions.
Series discount
Single discount
Trade discount
Unlimited discount
None

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A price reduction from the original selling price of a service or a merchandise.
Cost
Markdown
Markup
Selling price
None

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

It is the price for which a merchandising business or retailer sells a product to a costumer.
Cost
Markdown
Markup
Selling price
None

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A type of discount given to a costumer who purchase products in large quantity.
Series discount
Single discount
Trade discount
Unlimited discount
None

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

It is the difference between cost and selling price.
Cost
Markup
Markup rate
Selling price
None

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

It is the price of acquisition or amount incurred by the seller or retailer for a certain product/s or services for his/ her shop or store.
Cost
Mark up
Selling price
Markdown
None

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What type of discount is offered to a customer in return for paying a bill owed before the scheduled due date?
Cash discount
Series discount
Single discount
Trade discount
None

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