Quiz 6, 1.38 - 1.43 Flashcards Preview

8th Math - Pre-Algebra > Quiz 6, 1.38 - 1.43 > Flashcards

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

Find the gross profit if an item bought for $50 is sold for $70.

70 - 50 = $20