Retail Math and Logic Flashcards

A customer's total purchase is $36.88. They hand you a $50 bill. How much change should the customer receive?

Answer: $13.12

To find the correct change, subtract the total purchase amount from the cash given: $50.00 - $36.88 = $13.12. Alternatively, you can 'count up' from the total: add $0.12 to get to $37.00, add $3.00 to get to $40.00, and add $10.00 to get to $50.00. The total change is $0.12 + $3.00 + $10.00 = $13.12.

CVS has a "Buy One, Get One 50% Off" promotion on vitamins, with the discount applied to the item of equal or lesser value. A customer buys one bottle for $15.00 and a second bottle for $10.00. What is their total cost for both bottles before tax?

Answer: $20.00

The promotion applies the 50% discount to the item of lesser value. The lesser-priced item is $10.00. The discount is 50% of $10.00, which is $5.00. The total cost is the price of the first item ($15.00) plus the discounted price of the second item ($5.00), which equals $20.00.

An item is regularly priced at $24.50 and is on sale for 20% off. What is the final price of the item before tax?

Answer: $19.60

First, calculate the discount amount: $24.50 * 20% (or 0.20) = $4.90. Then, subtract the discount from the original price: $24.50 - $4.90 = $19.60.

A customer is trying to decide which of two sizes of hand sanitizer is a better value. Option A is a 10 oz bottle for $4.50. Option B is a 24 oz bottle for $9.60. Which of the following is the most accurate statement?

Answer: Option B is the better value.

To determine the best value, calculate the price per unit (per ounce). Option A: $4.50 / 10 oz = $0.45 per ounce. Option B: $9.60 / 24 oz = $0.40 per ounce. Since Option B has a lower cost per ounce, it is the better value.

The pharmacy's inventory system shows 1500 tablets of a common medication are in stock. On average, the pharmacy dispenses 100 tablets per day. How many days of supply does the pharmacy have on hand?

Answer: 15 days

To calculate the days of supply, divide the total quantity in stock by the average daily usage. 1500 tablets / 100 tablets per day = 15 days of supply.

A customer's pre-tax subtotal is $52.00. If the local sales tax rate is 7%, what is the final total amount the customer will pay?

Answer: $55.64

First, calculate the sales tax amount by multiplying the subtotal by the tax rate: $52.00 * 7% (or 0.07) = $3.64. Then, add the tax amount to the subtotal to get the final total: $52.00 + $3.64 = $55.64.