Markups and Markdowns

Question 1

A store buys items at a wholesale price of $45 each. If the store marks up the price, and no discounts are given, which could be possible retail prices? Check all that apply.

Revolt · Accepted Answer

$49; $65

Question 2

a =

Revolt · Accepted Answer

$4.50; Selection 1: $4.50; Selection 2: $13.50

Question 3

b =

Revolt · Accepted Answer

$13.50

Question 4

Use the table to find the new price of the pillow.

Revolt · Accepted Answer

$11

Question 5

A pillow that usually costs $18 is marked down 25%. Which expressions can be used to find the new price of the pillow? Check all that apply.

Revolt · Accepted Answer

18 – 0.25(18); 0.75(18)

Question 6

Which expression can be used to find the retail price of an item that was bought at wholesale for $112 and sold at a 40% markup?

Revolt · Accepted Answer

$112 + 0.40($112)

Question 7

A poster is marked down 35% from an original price of $7.80. What is the sale price?

Revolt · Accepted Answer

$5.07

Question 8

A bookstore bought a case of 10 books for a wholesale price of $74. The bookstore will sell the books at a 20% markup. How much will they sell each book for?

Revolt · Accepted Answer

$8.88

Question 9

The original cost is . The percent of the markup is . The markup amount is . The new price is .

Revolt · Accepted Answer

$30; Selection 1: $30; Selection 2: 30%; Selection 3: $9; Selection 4: $39

Question 10

The percent of the markup is .

Revolt · Accepted Answer

30%

Markups and Markdowns Answers

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