
Markup & Markdown Problems
Authored by Timothy Jackson
Mathematics
6th - 8th Grade
Used 7+ times

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8 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
A store that sells skis buys them from a manufacturer at a wholesale price of $57. The store's markup rate is 50%. What price does the store charge its customers for the skis?
$28.50
$85.50
$62.50
$115.20
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
A computer software retailer used a markup rate of 40%. Find the selling price of a computer game that cost the retailer $25.
$35.00
$37.25
$42.50
$65.00
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
A tennis supply store pays a wholesaler $90 for a tennis racquet and sells it for $144. What is the markup rate?
160%
80%
60%
40%
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The temperature outside is 60 degrees Fahrenheit. What would be the temperature if it increased by 20%?
62 degrees
68 degrees
72 degrees
77 degrees
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
A golf shop pays its wholesaler $40 for a certain club, and then sells it to a golfer for $75. What is the markup rate?
45%
65%
87.5%
94%
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
An item originally priced at $55 is marked 25% off. What is the sale price?
$41.25
$45.75
$49.00
$51.25
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
A sweater is marked down 35% off the original price. The original price was $40. What is the sale price of the sweater before sales tax?
$35
$26
$22
$18
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