Markup, Markdown,

A store buys an item for $9.75 and wants to add a 25% markup. What should they charge for the selling price?

• $11.95

• $12.19

• $12.44

• $10.94

Tags

CCSS.6.RP.A.3C

A store buys an item for $6.95 and wants a 33% markup. What selling price should they set?

• $9.30

• $8.95

• $9.60

• $9.24

Tags

CCSS.6.RP.A.3C

ABC Office Supply sells a typewriter for $129.95. If they made a 15% markup on the cost by selling it at this price, how much did the typewriter cost ABC?

• $113.00

• $111.00

• $115.50

• $118.75

Tags

CCSS.6.RP.A.3C

When a business wants to make a certain profit, it uses something to adjust its price. This is called a _____.

• quantity discount

• inventory adjustment

• credit discount

• markup

Tags

CCSS.6.RP.A.3B

When business slows down in general, this is called a _____.

• regrouping

• valley

• recession

• depression

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

Manufacturers sometimes offer a quantity discount to buyers on what kind of order?

• demand

• small

• large

• limited

Tags

CCSS.6.RP.A.3B

Match each vocabulary term to its definition.

• A period of economic decline when business activity slows down.

• overhead

• A reduction in price, often used to sell items that are not selling well.

• Markdown

• The costs of running a business, such as rent, utilities, and salaries.

• profit

• The money a business makes after subtracting all expenses from its revenue.

• markup

• The amount added to the cost of a product to determine the selling price.

• recession

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

Which sentence best illustrates the term overhead?

• The company needed to increase sales to cover its overhead expenses.

• The company’s profit for the year was higher than expected due to increased sales.

• During the recession, many businesses had to lay off workers.

• The store added a 50% markup to the cost of the shirts to make a profit.

Which sentence best illustrates the term markup?

• The store added a 50% markup to the cost of the shirts to make a profit.

• The store put a markdown on the winter coats to clear them out before summer.

• The company needed to increase sales to cover its overhead expenses.

• During the recession, many businesses had to lay off workers.

Tags

CCSS.6.RP.A.3C

Vocabulary term: markdown. Which definition best matches this term?

• A reduction in price, often used to sell items that are not selling well

• An increase in the listed price to boost revenue

• A tax added at the register to cover public services

• A shipping fee charged for delivering goods

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4