Mark UP/DOWN

Mark UP/DOWN

Assessment

Flashcard

Mathematics

7th Grade

Practice Problem

Hard

CCSS
6.RP.A.3C, 7.EE.B.3, 6.RP.A.3B

Standards-aligned

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

What is a Mark Up?

Back

A mark up is the amount added to the cost price of a product to determine its selling price. It is usually expressed as a percentage of the cost price.

Tags

CCSS.6.RP.A.3C

2.

FLASHCARD QUESTION

Front

What is a Mark Down?

Back

A mark down is a reduction in the original selling price of a product. It is often used to encourage sales and is expressed as a percentage of the original price.

Tags

CCSS.6.RP.A.3C

3.

FLASHCARD QUESTION

Front

How do you calculate the amount of a Mark Down?

Back

To calculate the amount of a mark down, multiply the original price by the mark down percentage (in decimal form). For example, for a $29.00 item with a 15% mark down: $29.00 x 0.15 = $4.35.

Tags

CCSS.6.RP.A.3C

4.

FLASHCARD QUESTION

Front

How do you calculate the selling price after a Mark Down?

Back

To find the selling price after a mark down, subtract the mark down amount from the original price. For example, if the original price is $29.00 and the mark down is $4.35, the selling price is $29.00 - $4.35 = $24.65.

Tags

CCSS.7.EE.B.3

5.

FLASHCARD QUESTION

Front

How do you calculate the amount of a Mark Up?

Back

To calculate the amount of a mark up, multiply the cost price by the mark up percentage (in decimal form). For example, for a notebook costing $1.50 with a 20% mark up: $1.50 x 0.20 = $0.30.

Tags

CCSS.6.RP.A.3C

6.

FLASHCARD QUESTION

Front

How do you calculate the selling price after a Mark Up?

Back

To find the selling price after a mark up, add the mark up amount to the cost price. For example, if the cost price is $1.50 and the mark up is $0.30, the selling price is $1.50 + $0.30 = $1.80.

Tags

CCSS.6.RP.A.3C

7.

FLASHCARD QUESTION

Front

What is the formula for calculating the selling price with a Mark Up?

Back

Selling Price = Cost Price + (Cost Price x Mark Up Percentage) or Selling Price = Cost Price x (1 + Mark Up Percentage).

Tags

CCSS.6.RP.A.3C

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