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Questions and Answers
What is the amount known as that is printed on the price tag of an article?
What is the amount known as that is printed on the price tag of an article?
- Selling price
- Marked price (correct)
- Sale price
- Discounted price
When calculating a discount, what is the amount that the discount is based on?
When calculating a discount, what is the amount that the discount is based on?
- Marked price (correct)
- Discounted price
- Selling price
- Cost price
Which payment term is usually fixed and expressed as an annual sum, paid on a regular basis?
Which payment term is usually fixed and expressed as an annual sum, paid on a regular basis?
- Wage (correct)
- Commission
- Overtime wage
- Bonus
What is the term used to describe the additional payment to employees who work more than the regular hours in a week?
What is the term used to describe the additional payment to employees who work more than the regular hours in a week?
Which rate of pay is typically associated with workers paid for each hour worked?
Which rate of pay is typically associated with workers paid for each hour worked?
What type of workers are usually paid wages instead of salaries?
What type of workers are usually paid wages instead of salaries?
What is the term for the interest imposed on a loan or deposit amount?
What is the term for the interest imposed on a loan or deposit amount?
In installment buying, what does the term 'Rate' refer to?
In installment buying, what does the term 'Rate' refer to?
What is the main difference between compound interest and simple interest?
What is the main difference between compound interest and simple interest?
Which term represents the money initially borrowed in an installment purchase plan?
Which term represents the money initially borrowed in an installment purchase plan?
What comprises the total amount that needs to be repaid when taking a loan from a bank?
What comprises the total amount that needs to be repaid when taking a loan from a bank?
Which factor determines the final amount to be repaid in installment buying?
Which factor determines the final amount to be repaid in installment buying?
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