Mark Up Quiz

Markup is _________________ to the original price.

• multiplied

• divided

• added

• subtracted

A store pays RM32 for each video game. The store mark up on the cost is 75% . Which shows the retail price of the video game?

• RM56

• RM60

• RM128

• RM78

A golf store pays its wholesaler RM40 for a certain club, and then sells it to a golfer for RM75. What is the markup percent based on cost price?

• 46.67%

• 78.90%

• 53.46%

• 87.50%

A convenience store buys 1 liter of milk for RM5.90 and sells them for RM8.95. What is the mark-up amount on the 5 liters of milk?

• RM3.05

• RM7.90

• RM15.25

• RM17.85

Rayyan makes hand-braided mats to sell for 35% based on retail price. He has 30 mats on hand for the next show and expects to sell them all for a total of RM1,800. What is Rayyan’s cost price per mat?

• RM39

• RM44.44

• RM1,333.33

• RM1,170