Markups and Markdowns
Authored by Quennie Gabutero
Other
8th Grade
Used 4+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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)
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If an item is marked up by 25%, what is the selling price if the original price is $80?
$75
$90
$120
$100
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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)
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If an item is marked up by 40% and the selling price is $120, what is the original price?
$85.71
$100
$110
$130
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If an item is sold for $150 with a markup of 20%, what is the original price?
$120
$100
$110
$125
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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)
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