Markups and Markdowns Answers

A jacket costs $35 and has an 8 percent tax rate. Which expression will find the cost of the tax on the jacket?

Kitchen chairs are purchased wholesale for $36 each by a discount furniture store. Then, the store marks up the chairs by 60 percent. The store has a special sale where all items are marked down by 20 percent. How much would two chairs cost during the sale?

Moses is solving the problem below.A box of spaghetti at the grocery store is purchased for $1.60 wholesale and is marked up by 60 percent. Then, the store marks down the item by 20 percent. A customer wants to buy three boxes of spaghetti. How much will the customer pay, including paying 8 percent sales tax? Round your answer to the nearest cent. Look at the table below. StepsMoses’s workStep 1Step 2Step 3Step 4In which step did Moses first make a mistake in his work?

A restaurant bill is $25, and a 20 percent tip should be given to the waiter. Which expression can be used to find the total amount that will be paid?

A book is marked down by 28 percent from an original price of $19.50. What is the new price?

Arun’s restaurant bill is $58, and he wants to leave the waiter an 18 percent tip. What will Arun’s total bill be?

An item is purchased for a wholesale price of $48 and will be sold at a 55 percent markup. Which expression should be used to find the amount of the markup?

The wholesale price of a lamp is $44 and will be marked up by 40 percent. What is the retail price of the lamp?

A store is selling a hat at a 55 percent markup. The store originally paid $16 for the hat. What is the retail price of the hat?

Thom’s restaurant bill is $45 and he leaves a 20 percent tip. What is the total cost for Thom’s meal?