# What is Gross Price? - Definition & Formula

Instructions:

question 1 of 3

### What is gross price?

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### 2. A local bakery has recently acquired a new and larger oven. The cost of the oven is \$2,300. The sales tax is \$195.50. The cost to dispose of the old over is \$300. The cost to deliver and install the new oven is \$100. What is the gross price of this new oven?

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The quiz and worksheet help you check your understanding of gross price. The meaning of this term and its formula are topics on the quiz.

## Quiz & Worksheet Goals

In these assessments, you can test your knowledge of:

• The meaning of gross price
• Difference between gross price and net price
• Another name for gross price
• Gross price formula

## Skills Practiced

• Information recall - access the knowledge you have gained about calculating gross price
• Distinguishing differences - compare and contrast main topics, such as gross price and net price
• Reading comprehension - ensure that you draw the most important details from the lesson on gross price