At her local supermarket,Tara saw a pizza pan and a package of mix to make homemade pizza.The items,which were sold together,retailed at $28.50,but were marked down to $19.99.The $19.99 is the:
A) revenue
B) price
C) profit
D) liquidity value
E) amortized value

Question

Quizplus · Accepted Answer

The $19.99 is the price. This is the amount that the customer would have to pay to purchase the pizza pan and mix at the supermarket. It is not the revenue, which is the total amount of money earned from selling the product, the profit, which is the revenue minus the cost, the liquidity value, which is the amount of cash or assets that can be quickly converted into cash, or the amortized value, which is the gradual reduction of the value of an asset over time.

At Her Local Supermarket,Tara Saw a Pizza Pan and a Package