GRADE 09 FINANCIAL LITERACY

GRADE 09 FINANCIAL LITERACY

9th Grade

15 Qs

quiz-placeholder

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GRADE 09 FINANCIAL LITERACY

GRADE 09 FINANCIAL LITERACY

Assessment

Quiz

Other

9th Grade

Hard

Created by

Tshilidzi Nemalegeni

Used 2+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

1.1 The percentage that represents the portion of profits that is added to the cost price is called the ……….

profit margin
cost markup
selling price increase
markup percentage

2.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

1.2 When a business receives money from a sales transaction, it will be recorded in the ……..

inventory account

CRJ

SALES

CPJ

3.

MULTIPLE CHOICE QUESTION

2 mins • 4 pts

1.3 Buhle traders sells her stock at a profit mark-up of 45%. If the cost price of the goods is R500, the selling price of the good will be ………..

A. 280

B. 340

C. 725

D. 800

4.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

1.4 A written proof that an amount of money has been received by the person who signed the receipt ……

Duplicate Receipt

Cash Register Roll

Bank Statement

Capital

5.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

1.5 The amount at which the business sells the goods………..

sales

cost price

selling price

profit mark up

6.

FILL IN THE BLANK QUESTION

3 mins • 2 pts

The goods purchased with the purpose of reselling them at a profit.

7.

FILL IN THE BLANK QUESTION

3 mins • 2 pts

A document that serves as a proof that a transaction took place,,,,,

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