
Markup, Markdown, Profit & Loss
Quiz
•
Business
•
12th Grade
•
Practice Problem
•
Hard
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.
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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.
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5 mins • 3 pts
A retailer buys a shirt for RM80 and sells it for RM100. Calculate the markup percentage based on cost.
4.
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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.
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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.
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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.
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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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