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REVIEWERS > BUSINESS MATHEMATICS Q1 > Flashcards

BUSINESS MATHEMATICS Q1 Flashcards

1
Q

formula of cost

A

C= SP - M^

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2
Q

relationship of two ratios

A

proportion

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3
Q

when there’s a discount

A

markup cancellation

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4
Q

it is the ratio of two numbers

A

fraction

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5
Q

when markup and cost is missing

A

SP x M^sp

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6
Q

markup rate based on cost formula

A

M^c= M^ / C x 100%

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7
Q

it’s the money you saved

A

discount

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8
Q

formula of list price

A

L= A / D

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9
Q

formula of discount

A

A= L x D

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10
Q

total value or amount

A

base

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11
Q

a relationship of numbers or degree between two similar components

A

ratio

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12
Q

formula of markup

A

M^= SP - C

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13
Q

it’s the SRP

A

list price

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14
Q

formula of rate

A

R= P / B x 100%

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15
Q

formula of net invoice price

A

NIP= L - A

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16
Q

markup rate based on selling price formula

A

M^sp= M^ / SP x 100%

17
Q

it is a type of fraction when numerator is greater than or equal to denominator

A

improper fraction

18
Q

formula of trade discount

A

D= A / L x 100%

19
Q

formula of base

A

B= P / R

20
Q

also part of a base but in pecent(%) symbol

A

rate

21
Q

new price

A

selling price

22
Q

it is a type of fraction when numerator is less than the denominator

A

proper fraction

23
Q

when there’s a higher demand

A

markon

24
Q

meaning of NPF

A

net price factor

25
Q

portion or part of a base

A

percentage

26
Q

formula of net price factor

A

NPF= 100% - D

27
Q

meaning of NIP

A

net invoice price

28
Q

type of fraction that consist of whole number and proper fraction

A

mixed fraction

29
Q

formula of selling price

A

SP= C + M^

30
Q

original price

A

cost

31
Q

expenses and profit

A

markup

32
Q

a horizontal line drawn over a group of terms in a mathematical expression to indicate that they are to be operated on as a single entity by the preceding or following operator.

A

vinculum

33
Q

also known as margin

A

markup rate based on selling price

34
Q

it’s the %

A

trade discount

35
Q

formula of percentage

A

P= R x B

36
Q

meaning of VAT

A

value added tax

REVIEWERS (6 decks)

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