What is the formula to calculate the markup rate?

MAT 101 Final Exam Review

Flashcard
•
Mathematics
•
University
•
Hard
Quizizz Content
FREE Resource
Student preview

15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Back
Markup Rate = (Selling Price - Cost Price) / Cost Price * 100
2.
FLASHCARD QUESTION
Front
If an item costs $275 and is sold for $453.75, what is the markup rate?
Back
65%
3.
FLASHCARD QUESTION
Front
What is the sum of 1,121, 216, and 475?
Back
1,812
4.
FLASHCARD QUESTION
Front
How do you compare two numbers, for example, 631,328 and 640,009?
Back
631,328 < 640,009
5.
FLASHCARD QUESTION
Front
What is the formula for calculating simple interest?
Back
Simple Interest = Principal x Rate x Time
6.
FLASHCARD QUESTION
Front
If $1,500 is invested at a simple interest rate of 8.25% for 18 years, what will be the total amount?
Back
$3,727.50
7.
FLASHCARD QUESTION
Front
What is the new price of an item after applying a 30% discount on a $34.00 item?
Back
$23.80
Create a free account and access millions of resources
Similar Resources on Quizizz
15 questions
Applied Math Chapter 8 Flashcard

Flashcard
•
12th Grade
15 questions
Fall 2024 - AFA Final Exam Review

Flashcard
•
12th Grade
15 questions
Simple Interest

Flashcard
•
12th Grade
15 questions
College Math EOC Final Day 1 Practice

Flashcard
•
12th Grade
15 questions
Percents (Tax, Tip, Discount)

Flashcard
•
KG - University
9 questions
Chapter 6 Vocabulary-Percents

Flashcard
•
KG
14 questions
Simple Interest

Flashcard
•
University
15 questions
8.4A Purchasing a Home Worksheet

Flashcard
•
12th Grade
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
25 questions
SS Combined Advisory Quiz

Quiz
•
6th - 8th Grade
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
15 questions
June Review Quiz

Quiz
•
Professional Development
20 questions
Congruent and Similar Triangles

Quiz
•
8th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade