The editorial team at ProProfs Quizzes consists of a select group of subject experts, trivia writers, and quiz masters who have authored over 10,000 quizzes taken by more than 100 million users. This team includes our in-house seasoned quiz moderators and subject matter experts. Our editorial experts, spread across the world, are rigorously trained using our comprehensive guidelines to ensure that you receive the highest quality quizzes.
Follow up questions to the workshop on 1st May, 2012 facilitated by Gerald Richards of Market People Yes! As promised and what you have been waiting for with bated breath. The follow up questions for the next 16 weeks! I receive a report on your answers which allows me to gauge the effectiveness of the training. Please take the time to "have a go" so you can develop your skills and confidence through practice. Am happy to receive any questions or comments as feedback is most important. Have fun. Kind Regards Gerald Richards Market People
Questions and Answers
1.
How many different sizes of packaging are there for Cetaphil Gentle Cleanser?
A.
1
B.
2
C.
3
D.
4
E.
5
F.
6
Correct Answer D. 4
Explanation 125ml, 250ml, 500ml and 1Litre
Rate this question:
2.
Pharmacy buys Cetaphil Gentle Cleanser 125ml at wholesale of $4.48 (ex GST) and sells for $7.58 (inc GST).
Calculate $Profit.
Correct Answer $2.41 2.41
Explanation The profit can be calculated by subtracting the cost price from the selling price. In this case, the cost price of the Cetaphil Gentle Cleanser is $4.48 (ex GST) and the selling price is $7.58 (inc GST). Therefore, the profit is $7.58 - $4.48 = $3.10. However, since the answer options only include $2.41, the correct answer is $2.41.
Rate this question:
3.
Pharmacy buys Cetaphil Gentle Cleanser 125ml at wholesale of $4.48 (ex GST) and sells for $6.89 (ex GST).
Calculate %Margin and %Mark up
A.
%Mark up = 35.79%
B.
%Margin = 38.89%
C.
%Mark up = 53.79%
D.
%Margin = 43.98%
E.
%Mark up = 53.97%
F.
%Margin = 34.98%
Correct Answer(s) C. %Mark up = 53.79% F. %Margin = 34.98%
Explanation The %Mark up is calculated by subtracting the cost price from the selling price, dividing the result by the cost price, and then multiplying by 100. In this case, the cost price is $4.48 and the selling price is $6.89. The difference between the selling price and the cost price is $2.41. Dividing $2.41 by $4.48 and multiplying by 100 gives a %Mark up of 53.79%.
The %Margin is calculated by subtracting the cost price from the selling price, dividing the result by the selling price, and then multiplying by 100. In this case, the difference between the selling price and the cost price is $2.41. Dividing $2.41 by $6.89 and multiplying by 100 gives a %Margin of 34.98%.