Percent Markup and Markdown

Percent Markup and Markdown

7th Grade

7 Qs

quiz-placeholder

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Percent Markup and Markdown

Percent Markup and Markdown

Assessment

Quiz

Mathematics

7th Grade

Medium

CCSS
6.RP.A.3C, 6.RP.A.3B

Standards-aligned

Created by

Brandon Branscom

Used 17+ times

FREE Resource

7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these two is the percent markup formula?

(1 + m) x (Original Price) = Selling Price

(1 - m) x (Original Price) = Selling Price

Tags

CCSS.6.RP.A.3C

2.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

In order to convert a percent into a decimal you should...

Divide the percent number by 100

Divide the percent number by 50

Move the decimal two places to the left

Move the decimal two places to the right

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If an item costs $5 and is marked up by 20% then what's the new selling price?

6

7

8

10

Tags

CCSS.6.RP.A.3C

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If an item costs $40 and is marked down by 25% then what's the new selling price?

25

27.5

30

35

Tags

CCSS.6.RP.A.3C

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If an item costs $50 and is marked down by 30% then what's the new selling price?

25

27.5

32

35

Tags

CCSS.6.RP.A.3C

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A markdown means you are...

Increasing the price

Decreasing the price

Tags

CCSS.6.RP.A.3B

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A markup means you are ...

Increasing the price

Decreasing the price

Tags

CCSS.6.RP.A.3B