Percent Markup and Markdown

Which of these two is the percent markup formula?

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

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

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

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

• 6

• 7

• 8

• 10

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

• 25

• 27.5

• 30

• 35

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

• 25

• 27.5

• 32

• 35

A markdown means you are...

• Increasing the price

• Decreasing the price

A markup means you are ...

• Increasing the price

• Decreasing the price