Markups and Markdowns

What is the formula to calculate the selling price of an item with a markup?

• Selling Price = Cost Price - (Markup Percentage * Cost Price)

• Selling Price = Cost Price / (1 - Markup Percentage)

• Selling Price = Cost Price + (Markup Percentage * Cost Price)

• Selling Price = Cost Price * (1 + Markup Percentage)

If an item is marked up by 25%, what is the selling price if the original price is $80?

• $75

• $90

• $120

• $100

What is the formula to calculate the original price of an item with a markup?

• Original Price = Selling Price / Markup Percentage

• Original Price = Selling Price / (1 + Markup Percentage)

• Original Price = Selling Price - Markup Percentage

• Original Price = Selling Price * (1 + Markup Percentage)

If an item is marked up by 40% and the selling price is $120, what is the original price?

• $85.71

• $100

• $110

• $130

What is the formula to calculate the markup percentage?

• (Selling Price - Cost Price) / Cost Price * 100

• (Selling Price - Cost Price) / Selling Price * 100

• (Selling Price + Cost Price) / Cost Price * 100

• (Cost Price - Selling Price) / Cost Price * 100

If an item is sold for $150 with a markup of 20%, what is the original price?

• $120

• $100

• $110

• $125

What is the formula to calculate the selling price of an item with a markdown?

• Selling Price = Original Price + (Original Price * Markdown Percentage)

• Selling Price = Original Price - (Original Price * Markdown Percentage)

• Selling Price = Original Price / (1 - Markdown Percentage)

• Selling Price = Original Price * (1 - Markdown Percentage)

If an item is marked down by 15%, what is the selling price if the original price is $200?

• $170

• $210

• $195

• $185

What is the formula to calculate the original price of an item with a markdown?

• Original Price = Sale Price * (1 - Markdown Percentage)

• Original Price = Sale Price + (1 - Markdown Percentage)

• Original Price = Sale Price / (1 + Markdown Percentage)

• Original Price = Sale Price / (1 - Markdown Percentage)

If an item is marked down by 30% and the selling price is $70, what is the original price?

• $100

• $80

• $60

• $50