Module 2: Discounts, GST & Markup Challenge | Baamboozle - Baamboozle | The Most Fun Classroom Games!

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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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baam

Lose 10 points!

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star

Double points!

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gift

Win 15 points!

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baam

Lose 20 points!

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15

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?

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seesaw

Swap points!

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gift

Win 25 points!

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gift

Win 25 points!

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lifesaver

Give 25 points!

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eraser

Reset score!

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star

Double points!

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rocket

Go to first place!

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baam

Lose 5 points!

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15

Which of these is an example of Equipment, not Stock?

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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

Supplier X sells coffee beans at $22/kg. Supplier Y sells at $25/kg but offers a 10% bulk discount. Which is cheaper per kg after Y's discount?

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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

A $400 item has a 10% discount applied. What is the discount amount?

$40

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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

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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15

Your order comes to $6,200 — $200 over your $6,000 budget. Which of these actually fixes the problem?

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15

In Australia, GST is charged at what rate?

10%

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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 supplier invoice shows a cost price of $50. With a 40% markup, what is the resale price?

$70

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