Markup, Markdown, Profit & Loss

Markup, Markdown, Profit & Loss

12th Grade

14 Qs

quiz-placeholder

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Markup, Markdown, Profit & Loss

Markup, Markdown, Profit & Loss

Assessment

Quiz

Business

12th Grade

Practice Problem

Hard

Created by

NUR (BP)

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14 questions

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1.

FILL IN THE BLANK QUESTION

5 mins • 2 pts

A shop sells a jacket for RM140 and the markup is 25% based on the retail price. What is the amount of markup?

2.

FILL IN THE BLANK QUESTION

5 mins • 2 pts

A shop sells a jacket for RM140 and the markup is 25% based on the retail price. What was the cost price of the jacket?

3.

FILL IN THE BLANK QUESTION

5 mins • 3 pts

A retailer buys a shirt for RM80 and sells it for RM100. Calculate the markup percentage based on cost.

4.

FILL IN THE BLANK QUESTION

5 mins • 2 pts

The cost price for a pair of shoes is RM67. If the seller wants a 35% markup based on cost price, find the retail price.

5.

FILL IN THE BLANK QUESTION

5 mins • 3 pts

The retail price for a pair of socks is RM73. If the seller wants a 45% markup based on retail price, find the cost price.

6.

FILL IN THE BLANK QUESTION

5 mins • 3 pts

The cost price of one set cabinet is RM6,300. If the seller wants 23% markup based on retail price, find the retail price.

7.

FILL IN THE BLANK QUESTION

5 mins • 3 pts

The retail price of a dress is RM105. If the seller wants a 25% markup based on cost price, find the cost price.

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