Markup and Discounts

What is the formula to calculate the cost price?

• Cost Price = Selling Price + Profit

• Cost Price = Selling Price / Profit

• Cost Price = Selling Price * Profit

• The formula to calculate the cost price is: Cost Price = Selling Price - Profit

If an item is originally priced at $50 and is discounted by 20%, what is the discount amount?

• $25

• $5

• $10

• $15

If the cost price of an item is $80 and it is marked up by 25%, what is the markup amount?

• $15

• $30

• $10

• $20

If an item is originally priced at $120 and is discounted by 15%, what is the final price after discount?

• $125

• $110

• $102

• $90

If the cost price of an item is $60 and it is marked up by 40%, what is the final price after markup?

• The final price after markup is $70.

• The final price after markup is $84.

• The final price after markup is $90.

• The final price after markup is $50.

What is the formula to calculate the discount amount?

• Discount amount = List price + Discount rate

• Discount amount = List price - Discount rate

• Discount amount = List price / Discount rate

• Discount amount = List price * Discount rate

What is the formula to calculate the markup amount?

• Markup Amount = Selling Price + Cost Price

• Markup Amount = Selling Price x Cost Price

• Markup Amount = Selling Price / Cost Price

• The formula to calculate the markup amount is: Markup Amount = Selling Price - Cost Price

If an item is originally priced at $90 and is discounted by 30%, what is the discount amount?

• The discount amount is $10

• The discount amount is $27

• The discount amount is $20

• The discount amount is $60

If the cost price of an item is $50 and it is marked up by 15%, what is the markup amount?

• $12.50

• $5.00

• $7.50

• $10.00

If an item is originally priced at $200 and is discounted by 25%, what is the final price after discount?

• $175

• $150

• $100

• $50