Question 1

The markup rate of furniture at Al's Furniture Barn is 48%. If the markup amount on an armchair is $123, what is the cost of the armchair?

Accepted Answer

A)  $256.25 
B)  $186.96 
C)  $159.04 
D)  $59.04 
A)  $256.25 
B)  $186.96 
C)  $159.04 
D)  $59.04 A

Question 2

Which statement is correct to find the markup amount when the cost and selling price are known?

Accepted Answer

A)  The markup amount is the sum of the selling price and the cost. 
B)  The markup amount is the difference between the selling price and the cost. 
C)  The markup amount is the markup rate times the cost. 
D)  The markup amount is the difference between the markup rate and 100%. 
A)  The markup amount is the sum of the selling price and the cost. 
B)  The markup amount is the difference between the selling price and the cost. 
C)  The markup amount is the markup rate times the cost. 
D)  The markup amount is the difference between the markup rate and 100%. B

Question 3

Alice owns a clothing store. She is going to markdown her summer items by 35%. If a dress sells for $57.50, what is the markdown price?

Accepted Answer

A)  $20.13 
B)  $37.37 
C)  $55.49 
D)  $77.63 
A)  $20.13 
B)  $37.37 
C)  $55.49 
D)  $77.63 B

Question 4

A jacket that originally sold for $52.99 is marked down 25%. What is the sale price?

Accepted Answer

The answer of A jacket that originally sold for $52.99...

Question 5

The cost of an oven is $375. If the markup rate is 30% of the selling price, what is the selling price?

Accepted Answer

A)  $112.50 
B)  $262.50 
C)  $535.71 
D)  $675.13 
A)  $112.50 
B)  $262.50 
C)  $535.71 
D)  $675.13

Question 6

To find the sale price of an item, multiply the original price by the _____________ of the markdown rate.

Accepted Answer

The answer of To find the sale price of an...

Question 7

The retail price of a camping chair is $12. If the markup rate is 30% based on cost, what is the cost of the camping chair?

Accepted Answer

$9.23; Divide the re

Question 8

The markdown rate of an item is 30%, and the markdown amount is $18. What is the original price?

Accepted Answer

The answer of The markdown rate of an item is...

Question 9

The original price of a boxed lunch is $5.25, and the sale price is $4.75. What is the markdown amount and markdown rate?

Accepted Answer

$0.50 is the markdow

Question 10

The selling price of a pair of women's jeans is $47.50. If the markup rate is 33% based on cost, what is the cost of the jeans?

Accepted Answer

$35.71; Divide the s

Question 11

The cost of a package of paper is $13.85. The markup rate is 31%. What is the selling price?

Accepted Answer

The answer of The cost of a package of paper...

Question 12

A sofa sells for $849. The cost of the sofa is $428. What is the markup rate of the sofa?

Accepted Answer

A)  30% 
B)  48% 
C)  50% 
D)  98% 
A)  30% 
B)  48% 
C)  50% 
D)  98%

Question 13

The cost of a hairbrush is $2.20, and the markup is 25%. What is the selling price?

Accepted Answer

The answer of The cost of a hairbrush is $2.20,...

Question 14

The retail price of a tennis racket is $89. If the markup rate is 25% based on cost, what is the cost of the tennis racket?

Accepted Answer

The answer of The retail price of a tennis racket...

Question 15

A company buys swing sets for $1,500 and sells them at a markup rate of 40%. What is the markup amount?

Accepted Answer

$600; Multiply the c

Question 16

Mr. Chang marked down bags of rice by 25%. If the sale price is $7.00, what is the original price of the rice?

Accepted Answer

A)  $28.00 
B)  $9.33 
C)  $8.75 
D)  $5.25 
A)  $28.00 
B)  $9.33 
C)  $8.75 
D)  $5.25

Question 17

An item has a retail price of $35.99. If the markup amount is $11.19, what is the cost?

Accepted Answer

$24.80; $3

Question 18

Yolanda owns a flower shop. On the third day after flowers are delivered, she marks down the price 60%. If a bunch of roses originally sold for $26, what is the sale price?

Accepted Answer

A)  $17.40 
B)  $15.60 
C)  $12.60 
D)  $10.40 
A)  $17.40 
B)  $15.60 
C)  $12.60 
D)  $10.40

Question 19

An item costs $1,095 and the selling price is $1,292.10. How is the markup rate calculated?

Accepted Answer

Subtract the cost from the sel

Question 20

The original price of a hair cut is $27. On Mondays, the price is reduced to $16.20. What is the markdown rate?

Accepted Answer

40%; Divide the mark

The markup rate of furniture at Al's Furniture Barn is 48%. If the markup amount on an armchair is $123, what is the cost of the armchair?

Which statement is correct to find the markup amount when the cost and selling price are known?

Alice owns a clothing store. She is going to markdown her summer items by 35%. If a dress sells for $57.50, what is the markdown price?

A jacket that originally sold for $52.99 is marked down 25%. What is the sale price?

The cost of an oven is $375. If the markup rate is 30% of the selling price, what is the selling price?

To find the sale price of an item, multiply the original price by the _____________ of the markdown rate.

The retail price of a camping chair is $12. If the markup rate is 30% based on cost, what is the cost of the camping chair?

The markdown rate of an item is 30%, and the markdown amount is $18. What is the original price?

The original price of a boxed lunch is $5.25, and the sale price is $4.75. What is the markdown amount and markdown rate?

The selling price of a pair of women's jeans is $47.50. If the markup rate is 33% based on cost, what is the cost of the jeans?

The cost of a package of paper is $13.85. The markup rate is 31%. What is the selling price?

A sofa sells for $849. The cost of the sofa is $428. What is the markup rate of the sofa?

The cost of a hairbrush is $2.20, and the markup is 25%. What is the selling price?

The retail price of a tennis racket is $89. If the markup rate is 25% based on cost, what is the cost of the tennis racket?

A company buys swing sets for $1,500 and sells them at a markup rate of 40%. What is the markup amount?

Mr. Chang marked down bags of rice by 25%. If the sale price is $7.00, what is the original price of the rice?

An item has a retail price of $35.99. If the markup amount is $11.19, what is the cost?

Yolanda owns a flower shop. On the third day after flowers are delivered, she marks down the price 60%. If a bunch of roses originally sold for $26, what is the sale price?

An item costs $1,095 and the selling price is $1,292.10. How is the markup rate calculated?

The original price of a hair cut is $27. On Mondays, the price is reduced to $16.20. What is the markdown rate?

Basic Math Functions

Fractions

Percents

Bank Services

Payroll

Taxes

Insurance

Invoices and Discounts

Interest

Consumer Credit and Mortgages

Metrics and Currency

Filters

Exam 9: Markup and Markdown

The markup rate of furniture at Al's Furniture Barn is 48%. If the markup amount on an armchair is $123, what is the cost of the armchair?

Which statement is correct to find the markup amount when the cost and selling price are known?

Alice owns a clothing store. She is going to markdown her summer items by 35%. If a dress sells for $57.50, what is the markdown price?

A jacket that originally sold for $52.99 is marked down 25%. What is the sale price?

The cost of an oven is $375. If the markup rate is 30% of the selling price, what is the selling price?

To find the sale price of an item, multiply the original price by the _____________ of the markdown rate.

The retail price of a camping chair is $12. If the markup rate is 30% based on cost, what is the cost of the camping chair?

The markdown rate of an item is 30%, and the markdown amount is $18. What is the original price?

The original price of a boxed lunch is $5.25, and the sale price is $4.75. What is the markdown amount and markdown rate?

The selling price of a pair of women's jeans is $47.50. If the markup rate is 33% based on cost, what is the cost of the jeans?

The cost of a package of paper is $13.85. The markup rate is 31%. What is the selling price?

A sofa sells for $849. The cost of the sofa is $428. What is the markup rate of the sofa?

The cost of a hairbrush is $2.20, and the markup is 25%. What is the selling price?

The retail price of a tennis racket is $89. If the markup rate is 25% based on cost, what is the cost of the tennis racket?

A company buys swing sets for $1,500 and sells them at a markup rate of 40%. What is the markup amount?

Mr. Chang marked down bags of rice by 25%. If the sale price is $7.00, what is the original price of the rice?

An item has a retail price of $35.99. If the markup amount is $11.19, what is the cost?

Yolanda owns a flower shop. On the third day after flowers are delivered, she marks down the price 60%. If a bunch of roses originally sold for $26, what is the sale price?

An item costs $1,095 and the selling price is $1,292.10. How is the markup rate calculated?

The original price of a hair cut is $27. On Mondays, the price is reduced to $16.20. What is the markdown rate?

Basic Math Functions

Fractions

Percents

Bank Services

Payroll

Taxes

Insurance

Invoices and Discounts

Interest

Consumer Credit and Mortgages

Metrics and Currency

Filters