Question 1

An item that sells for $58.25 and has a markdown rate of 35% will have a sale price of $37.86.

Accepted Answer

A) True 
 B)False

Question 2

Adrian's Salon tracks their retail merchandise in a spreadsheet. Cost is in Column B, Markup Rate is in Column C, Mark up Amount is in Column D, and Selling Price is in Column E. 
If the cost of a shampoo is in Cell B6, and its selling price is in Cell E6, what formulas are needed in Cell C6 to calculate markup rate based on cost and in Cell D6 to calculate markup amount?

Accepted Answer

C6: =D6/B6

Question 3

Adrian's Salon tracks their retail merchandise in a spreadsheet. Cost is in Column B, Markup Rate is in Column C, Mark up Amount is in Column D, and Selling Price is in Column E. 
If the Markup Rate and Markup Amount Based on Cost are known, what formulas would be needed in Row 8 to find the missing values?

Accepted Answer

B8: =D8/C8

Question 4

What is the markup amount on a stool that costs $13.25 and has a markup rate of 52% based on its selling price?

Accepted Answer

The answer of What is the markup amount on a...

Question 5

The cost of a hardcover book is $7.50. The markup rate is 25%. What is the selling price?

Accepted Answer

$9.38; 
 $7.50 * 0.2

Question 6

If the selling price of a calendar is $12.95 and the markup amount is $4.25, what is the cost?

Accepted Answer

A)  $17.20 
B)  $12.95 
C)  $8.70 
D)  $4.45 
A)  $17.20 
B)  $12.95 
C)  $8.70 
D)  $4.45

Question 7

An item with an original price of $235 is on sale for $188. What is the markdown rate?

Accepted Answer

20%; 
 Divide the ma

Question 8

Lucy and Jonathon own a hot dog stand. To increase sales, they reduce the price of their hot dogs from $1.50 to $0.99. What is the markdown rate?

Accepted Answer

A)  51% 
B)  44% 
C)  38% 
D)  34% 
A)  51% 
B)  44% 
C)  38% 
D)  34%

Question 9

If the cost is $8.59 and the selling price is $14.19, what is the markup amount?

Accepted Answer

A)  $22.78 
B)  $14.19 
C)  $5.60 
D)  $1.65 
A)  $22.78 
B)  $14.19 
C)  $5.60 
D)  $1.65

Question 10

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 11

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 12

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 13

A bookshelf with an original price of $78.75 is on sale for $49.61. What is the markdown rate?

Accepted Answer

A)  33% 
B)  35% 
C)  37% 
D)  42% 
A)  33% 
B)  35% 
C)  37% 
D)  42%

Question 14

The markup amount on a bicycle is $48, which is a 30% markup based on cost. What is the cost of the bicycle?

Accepted Answer

$160; 
 Divide the m

Question 15

Net profit is what is left over after _______________ are paid.

Accepted Answer

The answer of Net profit is what is left over...

Question 16

A used car sells for $7,239. The cost of the car is $5,296. What is the markup rate based on the cost of the car? Round to the nearest tenth of a percent.

Accepted Answer

36.7%; 
 $7,239 $5,2

Question 17

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 18

The cost of a package of pencils is $0.75, and the markup amount is $0.30. What is the markup rate of the pencils?

Accepted Answer

A)  30% 
B)  35% 
C)  40% 
D)  45% 
A)  30% 
B)  35% 
C)  40% 
D)  45%

Question 19

Both operating costs and net profit are used to calculate _______.

Accepted Answer

The answer of Both operating costs and net profit are...

Question 20

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

An item that sells for $58.25 and has a markdown rate of 35% will have a sale price of $37.86.

What is the markup amount on a stool that costs $13.25 and has a markup rate of 52% based on its selling price?

The cost of a hardcover book is $7.50. The markup rate is 25%. What is the selling price?

If the selling price of a calendar is $12.95 and the markup amount is $4.25, what is the cost?

An item with an original price of $235 is on sale for $188. What is the markdown rate?

Lucy and Jonathon own a hot dog stand. To increase sales, they reduce the price of their hot dogs from $1.50 to $0.99. What is the markdown rate?

If the cost is $8.59 and the selling price is $14.19, what is the markup amount?

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

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

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

A bookshelf with an original price of $78.75 is on sale for $49.61. What is the markdown rate?

The markup amount on a bicycle is $48, which is a 30% markup based on cost. What is the cost of the bicycle?

Net profit is what is left over after _______________ are paid.

A used car sells for $7,239. The cost of the car is $5,296. What is the markup rate based on the cost of the car? Round to the nearest tenth of a percent.

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 cost of a package of pencils is $0.75, and the markup amount is $0.30. What is the markup rate of the pencils?

Both operating costs and net profit are used to calculate _______.

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?

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Exam 9: Markup and Markdown

An item that sells for $58.25 and has a markdown rate of 35% will have a sale price of $37.86.

What is the markup amount on a stool that costs $13.25 and has a markup rate of 52% based on its selling price?

The cost of a hardcover book is $7.50. The markup rate is 25%. What is the selling price?

If the selling price of a calendar is $12.95 and the markup amount is $4.25, what is the cost?

An item with an original price of $235 is on sale for $188. What is the markdown rate?

Lucy and Jonathon own a hot dog stand. To increase sales, they reduce the price of their hot dogs from $1.50 to $0.99. What is the markdown rate?

If the cost is $8.59 and the selling price is $14.19, what is the markup amount?

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

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

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

A bookshelf with an original price of $78.75 is on sale for $49.61. What is the markdown rate?

The markup amount on a bicycle is $48, which is a 30% markup based on cost. What is the cost of the bicycle?

Net profit is what is left over after _______________ are paid.

A used car sells for $7,239. The cost of the car is $5,296. What is the markup rate based on the cost of the car? Round to the nearest tenth of a percent.

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 cost of a package of pencils is $0.75, and the markup amount is $0.30. What is the markup rate of the pencils?

Both operating costs and net profit are used to calculate _______.

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?

Basic Math Functions

Fractions

Percents

Bank Services

Payroll

Taxes

Insurance

Invoices and Discounts

Interest

Consumer Credit and Mortgages

Annuities, Stocks, and Bonds

Depreciation

Financial Statements

Business Statistics

Filters