Financial Math Quiz: Tax, Discount and Selling Price

Quiz
•
Business
•
12th Grade
•
Hard
KHANYA SIGWELA
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is sales tax?
The discount applied to a product
The extra cost added to a purchase by the government
The original price of an item
The amount a store earns in profit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If an item costs $50 and the sales tax rate is 8%, how much tax will you pay?
$4
$8
$5
$6
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A store gives a 20% discount on a $120 jacket. What is the discount amount?
$20
$24
$30
$40
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The final price after tax is known as the:
Net price
Discounted price
Total cost
Selling price
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A customer buys an item for $80 with a 15% discount. What is the price after discount?
$68
$70
$75
$80
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If an item originally costs $200 and has a 25% discount, what is the new price?
$150
$175
$180
$190
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A store applies a 30% discount to an item originally priced at $90. What is the final price?
$57
$60
$63
$67
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