
Understanding Markup and Markdown

Interactive Video
•
Mathematics
•
9th - 10th Grade
•
Hard
Jennifer Brown
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the selling price of an item with a wholesale price of $100 and a 10% markup?
$120
$90
$110
$100
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If an item is marked down by 10% from an original price of $100, what is the sale price?
$100
$90
$110
$80
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do you calculate the markup on an item?
Multiply the wholesale price by the markup percentage
Add the markup percentage to the wholesale price
Subtract the markup percentage from the wholesale price
Multiply the selling price by the markup percentage
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula to find the sale price after a markdown?
Sale price plus markdown
Original price plus markdown
Original price minus markdown
Sale price minus markdown
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An item is sold for $78.99 after a 25% markup. What was the wholesale price?
$70.99
$63.99
$78.99
$50.99
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An item is marked down by 20% and sold for $143.49. What was the original price?
$179.36
$150.00
$160.00
$143.49
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is true about markup?
It is subtracted from the wholesale price
It is a fixed amount added to the selling price
It is a percentage of the selling price
It is added to the wholesale price
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