Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
NEW Fashion 5.01 - 5.03 Part B
Test Description: NEW Fashion 5.01 - 5.03
Instructions: Answer all questions to get your test result.
1) What is the markup percentage based on retail for an item with a dollar markup of $70.00, cost of $30.00, and a retail price of $100.00?
A
100%
B
30%.
C
333%
D
70%
2) The most common type of retail price change is a/an:
A
initial markup
B
Employee discount.
C
markup
D
markdown
3) Sara was asked to use keystone markup on an item that was priced at $59.99. What will the retail price be once the markup is applied?
A
$59.99
B
$74.99
C
$65.99
D
$119.98
4) Which is 75% converted from a percent to a decimal?
A
.75
B
7.5
C
.075
D
.0075
5) The planned change fund is $200.00. The cash drawer actually contains 50 pennies, 40 nickels, 50 dimes, 120 quarters, 20 one-dollar bills, 5 five- dollar bills, 5 ten-dollar bills, and 4 twenty-dollar bills. The change fund is:
A
Short by $11.50
B
Short by $12.50.
C
Over by $11.50.
D
Over by $12.50.
6) Coins and currency designated for use in opening the register for a given day’s activity is the:
A
change allowance
B
Cash allowance.
C
change fund
D
cash drawer
7) Belk ran a coupon in the newspaper for 15% off twin bed sheets regularly priced $48.50. Excluding tax, what would a customer pay if they used a coupon?
A
$41.22
B
$7.28
C
$43.35
D
$36.38
8) A strategy used to stimulate sales, dispose of slow moving merchandise, meet competitor’s prices, and increase store traffic is:
A
Extension.
B
markup
C
keystone
D
markdown
9) Which type of markup is the difference between the cost of the merchandise and its final selling price?
A
keystone
B
Extended
C
maintained
D
initial
10) Last year’s suits are marked down 25%. The dollar amount of the markdown on a suit originally priced $388 is:
A
$79.00
B
$291.00
C
$485.00
D
$97.00
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?