Markup and Markdown

What does mark up means?

• An increase in the original price.

• A decrease in the original price.

• Both choices

• None of the above.

What is a percent always out of?

• 200

• 1000

• 50

• 100

How do I change a percent to a decimal?

• Multiply by 1000.

• Move two places to the left.

• Divide by 100.

• Double the percent?

What percentage is a whole equal to?

• 5%

• 25%

• 75%

• 100%

What does Quantity equal?

• Q= Part * Part

• Q= Part * Whole

• Q= Percent* Whole

• None of the above.

True or False.

Mark down is the amount of decrease in price?

• True

• False

What is the selling price? Select the best answer choice.

• The original price.

• The original price plus markup price.

• The original price minus the markup price.

• The original price plus the markup or minus the markdown.

A tennis supply stores pays a wholesaler $90 for a tennis racquet and sells it for $144. What is the markup rate?

• 20%

• 40%

• 60%

• 80%

A ski shop has a markup rate of 50%. Find the selling price of skis that cost the store owner $300

• 225

• 350

• 275

• 450

A shoe store is selling a pair of shoes for$60 that has been discounted by 25%. What was the original selling price?

• 20

• 40

• 60

• 80