Price Quizzes Online & Trivia

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Each and every price quiz that we have is made up of well-researched and interesting quiz questions that test your awareness and grasp of the subject. With detailed instant feedback for quiz answers, you can easily learn something new about price with every question you attempt.

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  • Can you calculate the break-even point for a music CD that costs $12 to make and market and that will be sold for $15? The total quantity that will be sold at that price is 200,000.
    Can you calculate the break-even point for a music CD that costs $12 to make and market and that will be sold for $15? The total quantity that will be sold at that price is 200,000.
    Price of a music CD is $12 aand sale value is $15. Quantity ofsales being made is 2,00,000 pieces. Break Even point is where the amount of investment being deployed gets refunded back. The cost price is 2,00,000 $12 = $24,00,000 and the sale price is 2,00,000 $15 = $30,00,000, thus the gain being made is $30,00,000 - $24,00,000 = $6,00,000. We need to find the quantity at which being sold, gets ourinvestment back (ROI). Investment is the cost price, $24,00,000. Sale price is $15, thus the quantity is $24,00,000 divided by $15 per piece, which is 1,60,000 pieces, which will earn back our sales.

  • What is a technique that involves setting prices that all end in either odd or even numbers known as?
    What is a technique that involves setting prices that all end in either odd or even numbers known as?
    Odd even pricing is a technique that involves setting prices in either odd or even pieces.

  • What is the difference between Price and Cost?
    What is the difference between Price and Cost?
    The cost is known to be the expense that is related to a particular product or service. This signifies the amount that needs to be spent to produce or to market a product or service that will be offered to various customers. The price is the amount of the product or service that people are willing to spend on. As a customer, you will usually look at the cost of the item first before you would decide if you are going to purchase it or not. If you have a lot of money to spend, you will not care too much about the price, but you may want to think about the cost of maintaining that product.

  • What does the foreign exchange price NZD/USD 0.8255 represent?
    What does the foreign exchange price NZD/USD 0.8255 represent?
    It represents the number of US Dollars in 1 New Zealand Dollar