7th 3-5 Markup and Markdown

7th 3-5 Markup and Markdown

7th Grade

15 Qs

quiz-placeholder

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7th 3-5 Markup and Markdown

7th 3-5 Markup and Markdown

Assessment

Quiz

Mathematics

7th Grade

Medium

Created by

Ryan Wolf

Used 13+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A computer store bought a program at a cost of ​$10 and sold it at a selling price of ​$13. Find the percent markup.

23%

30%

77%

130%

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A music store bought a CD set at a cost of​ $20. When the store sold the CD​ set, the percent markup was​ 40%. Find the selling price.

$8

$28

$50

$30

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A store advertises a 20​% markdown on a dishwasher with a selling price of ​$952. Find the sale price. This is the greatest possible markdown that the store can discount the dishwasher without losing money. What does this tell you about the​ cost?

$761.60 The cost is less than the amount the price is marked down.

$761.60 This is the cost.

$793.33 The cost is less than the amount the price is marked down.

$793.33 This is the cost.

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Kevin has ​$24 to buy a gift for his cousin. He found a gift for ​$22. With 5​% sales tax added​ on, will Kevin have enough money to buy the​ gift? If​ so, how much will he​ pay?

Yes. $23.10

Yes. $20.90

Yes. $ 23.55

He will not have enough money.

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Oliver saves 10​% of his weekly earnings for living expenses. He usually makes ​$520 each week. This week he made 10​% more. Calculate the amount of savings for this week.

$57.20

$58.30

$ 59.40

$ 60.50

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Aliyiah hoped to get 100 pumpkins from her garden this year. Since the weather was​ favorable, 20​% more pumpkins grew than she expected.​ Unfortunately, animals ate 30​% of all the pumpkins that grew. How many pumpkins were​ left?

91

90

120

84

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Gary wants to buy a video game with a selling price of ​$48​, on sale for​ 50% off. The sales tax in his state is 4.5%. How much will Gary have to pay in​ all? If he has ​$25​, can he afford to purchase the​ game?

$25.08 He doesn't have enough money.

$25.08 He has enough money.

$24.08 He doesn't have enough money.

$24.08 He has enough money.

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