12/11/24 Percents Markup and Markdown

12/11/24 Percents Markup and Markdown

Assessment

Flashcard

Mathematics

7th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

When a price is increased, it is called a ____________.

Back

Markup

2.

FLASHCARD QUESTION

Front

A grocery store has a 20% markup on a bottle of soda that costs the store $1.25. What is the selling price?

Back

$1.50

3.

FLASHCARD QUESTION

Front

A type of discount or percent decrease is called ____________.

Back

Markdown

4.

FLASHCARD QUESTION

Front

Discount is ____________ from the price.

Back

subtracted

5.

FLASHCARD QUESTION

Front

A computer game costs $25. The store uses a markup rate of 40%. What is the selling price of the computer game?

Back

$35

6.

FLASHCARD QUESTION

Front

What is the formula to calculate the selling price after a markup?

Back

Selling Price = Cost Price + (Markup Percentage × Cost Price)

7.

FLASHCARD QUESTION

Front

If an item costs $50 and has a 10% markdown, what is the sale price?

Back

$45

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