Group 2: Mark-up, Discount, Profit and Loss and Foreign Exchange

What is MARK-UP?

• the difference between selling price and cost price

• the total revenue from sales

• the discount given to the customers

• the tax added to the selling price

Answer explanation

If Jamie's new gadget costs $50 to make and the store adds a 40% mark-up,

what is the SELLING PRICE?

• 60 DOLLAARRR

• 70 DOLLARR

• $99.00

• FREE

Answer explanation

$50 + (40% OF $50)

= $50 + $20

=$70

A store buys a product for $80 and sells it for $120.

What is the mark-up amount?

• tiga puluh ringgit

• forty ringgit

• lima puluuu ringgit

• enam puluh ringgit

Answer explanation

(Mark-up = Selling Price - Cost Price)

= $120 - $80 = $40

Which of the following formulas is used to calculate the amount of discount?

• Discount =

  (Original Price x Discount Rate) / 100

• Discount =

  (Sale Price + Discount Rate)

• Discount =

  (Original Price / Discount Rate) x 100

• Discount =

  Sale Price - Discount Rate

Answer explanation

If a sweater originally costs $80 and is on sale with 25 % discount,

what will the sale price be?

• $45

• $75

• entah ah

• $89.00

• $60

Answer explanation

( 80 x 25 ) / 100 = 20

= 80 - 20 = 60

Hua Ho offers a 15 % discount on a $120 item.

How much will Ahmad pay after the discount?

• $104

• $111

• $102

• inda tahu, bapanya yang bayarkan bukan si Ahmad.

Answer explanation

( 120 x 15 ) / 100

= 18

=120 - 18

=102

If a product sold at a 20% loss, and the cost price is $300,

what is the SELLING PRICE?

• $240

• $250

• $270

• $280

Answer explanation

Selling Price = Cost Price - ( Loss Percentage x Cost Price )

= 300 - ( 20/100 x 300)

= 300 - 60

= 240

If a product is bought for $80 and sold for $100,

what is the profit percentage?

• 20%

• 25%

• 15%

• 30%

Answer explanation

Profit Percentage = ( Selling Price - Cost Price / Cost Price ) x 100

= ( 100 - 80 / 80) x 100

= ( 20/80 ) x 100

= 0.25 x 100

= 25%

A retailer bought an item for $100 and sold it for $80.

What is the LOSS percentage?

• 10%

• 15%

• 100 persen cintakuuu

• 20%

Answer explanation

Loss Percentage = ( Loss / Cost Price ) x 100

1) Calculate the Loss:

= 100 - 80

=20

2) Calculate the loss %:

= (20 / 100 ) x 100

=20%

The exchange rate between the US Dollar (USD) and the Canadian Dollar (CAD) is

1 USD = 1.35 CAD.

How much is 100 USD in CAD?

• 135 CAD

• 100 CAD

• 50 CAD

• kira lah sendiri

Answer explanation

1 USD = 1.35 CAD

= 100 USD X 1.35

=135 CAD