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12 Cards in this Set
- Front
- Back
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How do you convert fractions to percents?
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Divide the numerator of the fraction by the denominator.
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How do you convert percents to decimals?
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Move the decimal point two places to the left.
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How do you convert decimals to percents?
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Move the decimal point two places to the right.
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Change Fund
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Coins and currency designated for use in opening the register for a given day's activity.
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Till
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The cash drawer of a cash register.
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Gross Profit
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Sales revenue minus cost of merchandise sold.
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Gross Sales
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Total revenue from sales before considering returns, allowances, or adjustments.
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Initial Markup
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The difference between merchandise cost and the selling price originally placed on the merchandise.
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Keystone Markup
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A markup equal to the cost of the merchandise.
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Key stoning
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Doubling the cost of the merchandise to arrive at the retail price.
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Net Profit
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Gross profit minus total operating expenses.
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Net Sales
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The revenue generated from sales minus sales returns and allowances.
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