Neon 30 point test study guide.

Entrepreneur

A person who organizes, manages, and takes the risk of running a buisness.

Profit

Money left over after expenses are paid.

Retail Cost

The price charged to customers.

Wholesale cost

The amount a business pays for merchandise.

Utilities

Cost such as electricity, water, and phone services

Inventory

The goods or products a business has available to sell.

What is the formula for square footage.

Base x hight or length x width

Finding total cost of something based on the square footage.

Mutilply the area by the cost per square foot.

Finding missing expense.

Find the total expenses minus it my the rent and insurance and you’ll get the utilities.

Finding profit.

Retail cost minus wholesale cost equals profit.

Finding weekly, monthly, and yearly salary

Weekly: is hourly pay times the amount of hours worked.

Monthly: multiply the weekly salary by 4.3

Yearly: multiple the weekly salary by 52

Finding simple intrest.

Intrest is the principle x rate x time

Principle: Amount borrowed.

Rate: written decimal for example 3% = 0.03

Time= the amount of years 5

Finding a percent as a number

Convert percent into a decimal then multiply.