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Team 2
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Teams
Name
Score
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15
×
Which of these is an example of Equipment, not Stock?
Milk
Cups
A coffee machine
Coffee beans
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15
×
A supplier invoice shows: Item: Milk, Qty: 20 L, Unit price: $2/L. What is the invoice's line total (cost price) for this item?
$40
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×
seesaw
Swap points!
Oops!
×
gold
Win 50 points!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
thief
Give points!
5
10
15
20
25
15
×
What is the difference between a discount and a markup?
A discount reduces a price; a markup increases a price to set a resale value
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15
×
If your order is over budget, which of these is the recommended first check?
Buy nothing at all
Ignore the budget
Give up and start a different business
Whether you applied the discount before GST correctly
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banana
Go to last place!
Oops!
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star
Double points!
Okay!
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fairy
Take points!
5
10
15
20
25
×
thief
Give points!
5
10
15
20
25
15
×
A cost price of $120 has a 25% markup applied. What is the resale price?
$150
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trap
No points!
Oops!
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shark
Other team loses 25 points!
Okay!
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shark
Other team loses 20 points!
Okay!
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banana
Go to last place!
Oops!
15
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A $500 item: Deal A is 10% discount then 10% GST. Deal B is 5% discount then 10% GST. Which deal gives the lower final price?
They're the same
Deal A ($495)
Not enough information
Deal B ($522.50)
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15
×
After a 10% discount, a $400 item costs $360. What is the GST (10%) on this discounted price?
$36
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15
×
A budget is $6,000. Equipment costs total $5,200. How much is left for stock?
$800
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15
×
What is the correct order for applying a discount and GST to a price?
Discount first, then GST
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15
×
In Australia, GST is charged at what rate?
10%
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15
×
A $250 item has a 20% discount, then 10% GST is added. What is the final price?
$220
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15
×
A $400 item has a 10% discount applied. What is the discount amount?
$40
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trap
No points!
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gold
Win 50 points!
Okay!
×
gift
Win 15 points!
Okay!
×
lifesaver
Give 20 points!
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×
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