
Markdowns and Markups in Pricing

Interactive Video
•
Mathematics
•
6th - 7th Grade
•
Hard

Thomas White
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a markup in the context of pricing?
An increase in the original price
A discount given to customers
A reduction in the original price
A fixed price for all items
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a skateboard originally costs $35 and has a markup of 42%, what is the retail price?
$42.00
$35.42
$49.70
$77.00
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do you express a 34% markup as a decimal?
0.34
3.4
34.0
0.034
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens to the retail price when the markup percentage is increased?
It remains the same
It becomes zero
It decreases
It increases
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a markdown in pricing terms?
A decrease in the original price
A bonus added to the price
An increase in the original price
A fixed price for all items
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If an item is marked down by 20%, what percentage of the original price remains?
50%
80%
20%
100%
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How would you represent a 5% markdown as a decimal?
0.05
0.5
5.0
0.005
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