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What is Gross Price? - Definition & Formula

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is gross price?

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1. Which of these things is not included in the calculation of gross price?

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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About This Quiz & Worksheet

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

Additional Learning

What is Gross Price? - Definition & Formula is a lesson you can use any time to review more about:

  • Definition of net price
  • Example of finding gross price
  • Why gross price matters
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