Markups and Markdowns

Question 1

What errors did Tara make in her diagram? Check all that apply.

Revolt · Accepted Answer

The 25 should be for each percent, not dollar amounts.; There should be 4 columns of 25% that each equal $20.

Question 2

Which situation(s) could be solved using this equation? Check all that apply.

Revolt · Accepted Answer

A commission of $48 was earned on the sale of a camera. If a 30% commission rate is given, what was the price of the camera sold?; A camera was on sale for 30% off, and the discount was $48. What was the original price of the camera?; The markup on a camera was $48 at a rate of 30%. What was the wholesale price of the camera?

Question 3

Question 3

Revolt · Accepted Answer

$87.50

Question 4

What was included in your response?

Revolt · Accepted Answer

Original Cost = 5.25/0.06

Question 5

Question 5

Revolt · Accepted Answer

$55

Question 6

A different camera is selling for $7.50 off the regular price. It was discounted 15%. What was the original price of the camera?

Revolt · Accepted Answer

$50.00

Question 7

An employee earns a 12% commission rate on the cameras he sells. If he earns $384 in commission, what were his total sales?

Revolt · Accepted Answer

$3,200

Markups and Markdowns Answers

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