Flashcards in Quiz 6, 1.38 - 1.43 Deck (10):

1

## Percentage of sales

### commission

2

## Rent, utilities, and salaries

### overhead

3

## reduction in regular price

### discount

4

## excess of the cost plus overhead over the selling price

### loss

5

## regular price

### list price

6

## excess of the selling price over the cost

### gross profit

7

## excess of the selling price over the cost plus overhead

### net profit

8

## Find the rate of commission to the nearest who percent if the sale was $5,000 and the commission was $800.

### 800/5000 = 8/50 = 4/25 = 16/100 = 16%

9

## Find the sale price if an item selling for $10 is discounted 20%

###
10 x .2 = $2 the amount of the discount. Subtract the discount amount from the original price to get:

10 - 2 = $8

10