Cost Price and Selling Price (Grade 11 NSC Matric Mathematical Literacy): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
ShowHide
Practise the questions
10 questions from this quiz
What is cost price?
What is cost price?
Total money needed to make a product
Which of these is NOT typically a component of cost price?
Which of these is NOT typically a component of cost price?
Customer payment
What formula calculates cost per unit?
What formula calculates cost per unit?
If 1000g flour costs R10,50, what is the cost per gram?
If 1000g flour costs R10,50, what is the cost per gram?
R0,0105
A batch of 24 doughnuts costs R27,80 to make. What is the cost per doughnut?
A batch of 24 doughnuts costs R27,80 to make. What is the cost per doughnut?
R1,16
What must be true about selling price to make a profit?
What must be true about selling price to make a profit?
Selling price > Cost price
If selling price is R5,00 and cost price is R1,30, what is the profit per unit?
If selling price is R5,00 and cost price is R1,30, what is the profit per unit?
R3,70
Why should you research similar products when setting selling price?
Why should you research similar products when setting selling price?
To ensure your price is competitive
Cost price R1,30, market R5,00. Which selling price is inappropriate?
Cost price R1,30, market R5,00. Which selling price is inappropriate?
R2,00
How should monetary answers be rounded in exams?
How should monetary answers be rounded in exams?
To two decimal places (cents)