
Calculating Markup and Selling Price

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

Thomas White
Used 1+ times
FREE Resource
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19 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first step in calculating the selling price when the markup percentage is given?
Calculate the cost price.
Subtract the markup from the cost price.
Find the selling price directly.
Determine the markup amount.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the first example, what is the cost price of the product?
$500
$600
$1000
$800
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the markup percentage in the first example?
30%
25%
20%
15%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do you calculate the markup amount?
Multiply the cost price by the markup percentage.
Divide the cost price by the markup percentage.
Add the markup percentage to the cost price.
Subtract the markup percentage from the cost price.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the calculated markup amount in the first example?
$200
$160
$180
$120
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of dividing the markup percentage by 100?
To convert it into a decimal.
To increase the percentage.
To decrease the percentage.
To find the cost price.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to calculate the markup amount?
To determine the cost price.
To calculate the discount.
To find the selling price.
To know the profit margin.
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