How does a wholesaler sell merchandise to customers?
Responses

Through a store front
Through a store front

Through a retailer
Through a retailer

Through Amazon.com
Through Amazon.com

Through special discounts
Through special discounts
Sarah purchased 75 sweaters from a wholesaler for $16 each. She wants the markup percentage to be 18 percent. How much will Sarah’s profit be per sweater?
Responses

$2.88
$2.88

$3.88
$3.88

$2.78
$2.78

$3.78
John buys three pairs of jeans at a 25 percent discount with a tax rate of 6.7 percent. The jeans cost $78.46, $63.29 and $72.83 before the discount. What is John’s total amount?
Responses

$151.71
$151.71

$161.68
$161.68

$171.71
$171.71

$181.68
Which of the following is NOT an incentive to offer customers free shipping?
Responses

Purchases over a certain dollar amount
Purchases over a certain dollar amount

Ordering within a certain time frame
Ordering within a certain time frame

Ordering items in a certain color
Ordering items in a certain color

Ordering specific store items
Ordering specific store items
What is the sales tax rate in Kansas?
Responses

8.25 percent
8.25 percent

6.3 percent
6.3 percent

7 percent
7 percent

4.5 percent
Which of the following defines markup percentage?
Responses

Reduction in the cost of a good or service
Reduction in the cost of a good or service

Amount of money a store charges for its merchandise
Amount of money a store charges for its merchandise

Agreement between a buyer and a seller to exchange a product or service for payment
Agreement between a buyer and a seller to exchange a product or service for payment

Difference between the initial cost of a product and the price a store charges for the product
Which of the following types of discounts is characterized by a customer paying for the more expensive of two items and getting the less expensive item for free?
Responses

Buying in bulk
Buying in bulk

Cash-off
Cash-off

Percentage-off
Percentage-off

Buy one get one
Which of the following is a reason retailers may use rebates?
Responses

Many retailers like giving money back to their customers
Many retailers like giving money back to their customers

They require less work on the part of the customer
They require less work on the part of the customer

Many customers forget to redeem their refund after purchasing
Many customers forget to redeem their refund after purchasing

They require more work on the part of the customer
When do discounts for buying in bulk occur?
Responses

When a customer buys more than five items from a retailer at one time
When a customer buys more than five items from a retailer at one time

When retailers are having a sale
When retailers are having a sale

When merchandise is purchased from wholesalers
When merchandise is purchased from wholesalers

When buying through a membership club
How are employee discounts usually calculated?
Responses

By percentage off
By percentage off

By dollar amount off
By dollar amount off

Employees get merchandise for free
Employees get merchandise for free

Employees get no kind of discount