Unit 5 TEST - Unit 5 TEST Money Management Test NAME:_...

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Unit 5 TEST NAME:___________________________ Money Management Test DATE:_________________PERIOD:___ MATCH EACH TERM WITH ITS DEFINITION ON THE RIGHT. (3 points each) _________ 1. Sales tax a. the amount of money that is saved by buying an item at the sale price _________ 2. Sales receipt b. the purchase price of an item after markdown _________ 3. Unit Price c. the total purchase price including the sales tax _________ 4. Markdown d. the markdown of an item expressed as a percent of the regular selling price _________ 5. Markdown rate e. a cash register tape or sales slip showing the selling price of items purchased, any sales tax, and the total purchase price _________ 6. Sale price f. the cost per unit measure or count of an item g. a tax charged on the selling price of an item or service provided ANSWER EACH QUESTION. SHOW ALL WORK!!! (5 points each) __________ 7. Debra Rothchild purchases a garden hose for $12.95, 5 packs of seeds at $0.59 each, and a flat of flowers for $7.25. The sales tax rate is 6%.
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This note was uploaded on 01/24/2012 for the course HUM 9999 taught by Professor Variousprofessorslisted during the Summer '06 term at Abilene Christian University.

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Unit 5 TEST - Unit 5 TEST Money Management Test NAME:_...

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