# Study sets matching "pricing math"

Study sets

Diagrams

Classes

Users

apocryphal

arcane

convene

expedient

(adj) Of dubious authenticity or origin; spurious.

(adj) Understood by only a few; mysterious.

(v) 1. To summon or cause to assemble.... 2. To gather or assemb…

(adj) 1. Useful for some purpose; convenient.... 2. Concerned pr…

apocryphal

(adj) Of dubious authenticity or origin; spurious.

arcane

(adj) Understood by only a few; mysterious.

employee discount

gross profit

maintained markup

markup

A discount offered to workers by their employer.

The difference between sales revenue and the cost of goods sold

The difference between an item's final sale price and its cost

The difference between an item's cost and sale price.

employee discount

A discount offered to workers by their employer.

gross profit

The difference between sales revenue and the cost of goods sold

40%

$11.20

$1.80

Market Share

If the price level is set at 40 margin points, what margin per…

Your typical markup for merchandise is 40%. Your cost on an it…

You own a coffee shop where a cup of coffee costs $2.10. Your…

You own an art supply store and the total sales in your tradin…

40%

If the price level is set at 40 margin points, what margin per…

$11.20

Your typical markup for merchandise is 40%. Your cost on an it…

$5.16

$6.00

More lower priced items were sold

SP = FC / FCP * 100

You make a guacamole dip as an appetizer that feeds four peopl…

Your French fries have a food cost of $1.50, and you want to h…

The average price of items listed on your menu is $5. The aver…

The formula for food cost percentage (FCP) given selling price…

$5.16

You make a guacamole dip as an appetizer that feeds four peopl…

$6.00

Your French fries have a food cost of $1.50, and you want to h…

employee discount

gross profit

maintained markup

markup

A discount offered to workers by their employer.

The difference between sales revenue and the cost of goods sold

The difference between an item's final sale price and its cost

The difference between an item's cost and sale price.

employee discount

A discount offered to workers by their employer.

gross profit

The difference between sales revenue and the cost of goods sold

Fact Family

Inverse operations

Partition

Quotient

a group of related facts that use the same number

operations such as multiplication & division, that undo each o…

a way to divide by sharing one object at a time until the obje…

the answer to a division problem

Fact Family

a group of related facts that use the same number

Inverse operations

operations such as multiplication & division, that undo each o…

Discount

Tax and Tip

Commission

Percent of change

Find the % of the discount. Subtract the % of change from orig…

Add the % of change to the original price for the total cost

Find the % of the #

change times 100/ original

Discount

Find the % of the discount. Subtract the % of change from orig…

Tax and Tip

Add the % of change to the original price for the total cost

Wholesale price

Retail price

Tip

Discount

How much a store paid for an item

How much a customer pays for the item

And extra milk given by customers for good service usually at…

A decrease from the original price of an item to sell the pric…

Wholesale price

How much a store paid for an item

Retail price

How much a customer pays for the item

Price

Price floor

Price ceiling

Value-based pricing

The amount of money charged for a product or service. It is th…

The price below which a company doesn't make any profits

The price above which a customer won't pay

Uses the buyer's perception of value, not the sellers cost, as…

Price

The amount of money charged for a product or service. It is th…

Price floor

The price below which a company doesn't make any profits

PRODUCT

PROTRACTOR

COMPLEMENTARY ANGLES

SUPPLEMENTARY ANGLES

The result of a multiplication problem.

A tool that measures angles in degrees.

Angles with measures that equal 90° when added together.

Angles with measures that equal 180° when added together.

PRODUCT

The result of a multiplication problem.

PROTRACTOR

A tool that measures angles in degrees.

To calculate a sales price using a comm…

To calculate a commission rate using a…

= Commission rate

= Sales price

Divide the commission by the commission rate

Divide the commission by the sales price

Commission divided by sales price

Commission divided by commission rate

To calculate a sales price using a comm…

Divide the commission by the commission rate

To calculate a commission rate using a…

Divide the commission by the sales price

DEGREE

LIKE DENOMINATOR

MIXED NUMBER

REFLEX ANGLE

A unit of measure for angles based on dividing a circle in 260…

A denominator that is the same in two or more fractions.

A number that is written using both a whole number and a fract…

An angle measure that is between 180° and 360°.

DEGREE

A unit of measure for angles based on dividing a circle in 260…

LIKE DENOMINATOR

A denominator that is the same in two or more fractions.

What is a discount?

What is a sale price?

What is 20% of a $200 jacket? ... (Method…

What is 20% of a $200 jacket?... (Method 2)

A percentage of an original amount that is reduced.

The cost after the discount is taken off the original price.

Method #1:... 20% of 200... 0.20 x 200 =... 40.00$

1. Discount/Original... 2. n/200 = 20/100... (Cross multiply these…

What is a discount?

A percentage of an original amount that is reduced.

What is a sale price?

The cost after the discount is taken off the original price.

origin

simple interest

compound interest

proportional relationship

(0,0)

Interest earned only on the original principal amount invested

Interest earned or paid on both the principal and previously e…

two quantities increase at the same rate

origin

(0,0)

simple interest

Interest earned only on the original principal amount invested

Price (how it's different from other as…

Price Ceiling

Price Floor

Exceptions to normal pricing

- Only thing that is not a cost - directly produces revenue... -…

Customer perception of value, maximum you can charge someone f…

Product cost - break even (Competition and other strategic fac…

(grocery stoor, pricing below floor; price low to build a cons…

Price (how it's different from other as…

- Only thing that is not a cost - directly produces revenue... -…

Price Ceiling

Customer perception of value, maximum you can charge someone f…

Range

Inequality

Sum

Product

The

**difference between the greatest and least numbers**in a d…A mathematical sentence that *contains the symbols >, <, ≤ or…

An amount obtained as a result of

**adding two numbers**The

**result of multiplying**, or an expression that identifies…Range

The

**difference between the greatest and least numbers**in a d…Inequality

A mathematical sentence that *contains the symbols >, <, ≤ or…

Amortization

Front foot

How do you calculate interest rate on a…

How do you calculate the area of a squa…

Paying off debt with regular installments over a fixed repayme…

The linear measurement of a property that abuts a street, high…

Divide the amount paid in annual interest by the loan balance.

Length x width

Amortization

Paying off debt with regular installments over a fixed repayme…

Front foot

The linear measurement of a property that abuts a street, high…

Variable

Inverse Operations

Counting On

Breaking Apart

symbol or letters that stands for a number

operations that can undo each other

counting up from the lesser number

used to rewrite a number as the sum of numbers to form an easi…

Variable

symbol or letters that stands for a number

Inverse Operations

operations that can undo each other

Ratio

Rate

Equivalent Ratio

Ratio Table

compares sizes of two or more values.

A ratio that compares two quantities measured in different uni…

two ratios that express the same relationship between numbers

A ratio shows the relative sizes of two or more values in a ta…

Ratio

compares sizes of two or more values.

Rate

A ratio that compares two quantities measured in different uni…

customary system

metric system

capacity

proportion

system of measurement used in the U.S.

system of measurement used in the rest of the world based on t…

the amount that something can hold

two ratios or fractions that are equal

customary system

system of measurement used in the U.S.

metric system

system of measurement used in the rest of the world based on t…