BUSINESS MATHEMATICS Q1

Question 1

formula of cost

Answer 1

C= SP - M^

Question 2

relationship of two ratios

Answer 2

proportion

Question 3

when there’s a discount

Answer 3

markup cancellation

Question 4

it is the ratio of two numbers

Answer 4

fraction

Question 5

when markup and cost is missing

Answer 5

SP x M^sp

Question 6

markup rate based on cost formula

Answer 6

M^c= M^ / C x 100%

Question 7

it’s the money you saved

Answer 7

discount

Question 8

formula of list price

Answer 8

L= A / D

Question 9

formula of discount

Answer 9

A= L x D

Question 10

total value or amount

Answer 10

base

Question 11

a relationship of numbers or degree between two similar components

Answer 11

ratio

Question 12

formula of markup

Answer 12

M^= SP - C

Question 13

it’s the SRP

Answer 13

list price

Question 14

formula of rate

Answer 14

R= P / B x 100%

Question 15

formula of net invoice price

Answer 15

NIP= L - A

Question 16

markup rate based on selling price formula

Answer 16

M^sp= M^ / SP x 100%

Question 17

it is a type of fraction when numerator is greater than or equal to denominator

Answer 17

improper fraction

Question 18

formula of trade discount

Answer 18

D= A / L x 100%

Question 19

formula of base

Answer 19

B= P / R

Question 20

also part of a base but in pecent(%) symbol

Answer 20

rate

Question 21

new price

Answer 21

selling price

Question 22

it is a type of fraction when numerator is less than the denominator

Answer 22

proper fraction

Question 23

when there’s a higher demand

Answer 23

markon

Question 24

meaning of NPF

Answer 24

net price factor

Question 25

portion or part of a base

Answer 25

percentage

Question 26

formula of net price factor

Answer 26

NPF= 100% - D

Question 27

meaning of NIP

Answer 27

net invoice price

Question 28

type of fraction that consist of whole number and proper fraction

Answer 28

mixed fraction

Question 29

formula of selling price

Answer 29

SP= C + M^

Question 30

original price

Answer 30

cost

Question 31

expenses and profit

Answer 31

markup

Question 32

a horizontal line drawn over a group of terms in a mathematical expression to indicate that they are to be operated on as a single entity by the preceding or following operator.

Answer 32

vinculum

Question 33

also known as margin

Answer 33

markup rate based on selling price

Question 34

it's the %

Answer 34

trade discount

Question 35

formula of percentage

Answer 35

P= R x B

Question 36

meaning of VAT

Answer 36

value added tax