Markup & Markdown Problems

Markup & Markdown Problems

6th - 8th Grade

8 Qs

quiz-placeholder

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Markup & Markdown Problems

Markup & Markdown Problems

Assessment

Quiz

Mathematics

6th - 8th Grade

Hard

Created by

Timothy Jackson

Used 7+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A store that sells skis buys them from a manufacturer at a wholesale price of $57. The store's markup rate is 50%. What price does the store charge its customers for the skis?

$28.50

$85.50

$62.50

$115.20

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A computer software retailer used a markup rate of 40%. Find the selling price of a computer game that cost the retailer $25.

$35.00

$37.25

$42.50

$65.00

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A tennis supply store pays a wholesaler $90 for a tennis racquet and sells it for $144. What is the markup rate?

160%

80%

60%

40%

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

The temperature outside is 60 degrees Fahrenheit. What would be the temperature if it increased by 20%?

62 degrees

68 degrees

72 degrees

77 degrees

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A golf shop pays its wholesaler $40 for a certain club, and then sells it to a golfer for $75. What is the markup rate?

45%

65%

87.5%

94%

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

An item originally priced at $55 is marked 25% off. What is the sale price?

$41.25

$45.75

$49.00

$51.25

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A sweater is marked down 35% off the original price. The original price was $40. What is the sale price of the sweater before sales tax?

$35

$26

$22

$18

8.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What is the markup rate of a set of golf clubs from $250 to $750?

100%

200%

300%

400%