Markup - 95%

If an article costs a store $17.45 and if it sells the article for $22.95, what percentage markup is it using?

31.5

Recession

A general business slump

When business in general enters a slump period, this period is referred to as a _____.

Recession

Recovery

Return to normal business conditions after a recession

Markdown

a discount of a special kind

Profit

the difference between total revenue and total cost

ABC Office Supply offers an electric typewriter for $129.95. If ABC received a 15% markup on cost by selling the typewriter at this price, what was the cost of the typewriter to ABC?

113

Your business signs a ninety-day promissory note for $1,000 at 4% monthly interest. How much interest will you have to pay on a collect basis?

120

What was the percentage decline (to the nearest tenth)?

2

If a brand of batteries is sold normally at $19.95 each by a manufacture to its outlets and a retail chain agrees to buy 20,000 batteries at a price of $15.75 each, how much of a discount is the manufacturer offering if he accepts the chain store's price?

21.1

Your bill from Acme Supply Company is marked "2/12, net 30." The amount of the bill is $89.95. If you pay the bill within 12 days, how much should you tender?

88.15

What price should a retailer place on an item that costs him $6.95, if he wants a markup of 33%? $

9.24

Quantity Discount

Discount offered on large orders

Which industry had the least percentage decline in profits as a percentage of sales between 1966 and 1970?

Food

Manufacturers sometimes offer a quantity discount to buyers on what kind of order?

Large

When a business seeks a certain profit, it uses a factor to adjust its price. The factor is called a _____.

Markup

Overhead

costs related to rent, utilities, administration, equipment use, and/or depreciation