Retail Pricing and Discounts

This video tutorial covers lesson 7 on markup and markdown problems. It includes examples of calculating markup on video games, discounts on mountain bikes during Black Friday, and multiple discounts on bracelets. The tutorial also explores markup on golf clubs and the concept of percent increase. Additionally, it demonstrates how to calculate car sale prices with discounts and tax, and examines proportional relationships in pricing.

What is the retail price of a video game if the wholesale price is $30 and the markup rate is 40%?

• $36

• $30

• $42

• $50

If a $300 bicycle is discounted by 30% and then an additional 10%, what is the final price?

• $180

• $270

• $210

• $189

How much is a $300 bicycle discounted in total if it receives a 30% discount followed by a 10% discount?

• $100

• $90

• $120

• $111

What is the total percent discount on a bicycle after a 30% discount followed by a 10% discount?

• 20%

• 30%

• 40%

• 37%

Is it possible to have a markup rate greater than 100%? If a golf club set is marked up 200%, what is the retail price if the wholesale price is $250?

• $600

• $1000

• $750

• $500

What is the retail price of a golf club set if the wholesale price is $250 and the markup rate is 200%?

• $600

• $1000

• $750

• $500

If a car originally priced at $20,000 is on sale for $16,000, what percent of the original price is the final price?

• 80%

• 75%

• 85%

• 90%

What is the discount rate if a car originally priced at $20,000 is sold for $16,000?

• 25%

• 20%

• 10%

• 15%

When applying a 7.5% sales tax to a $16,000 car, is it better to apply the tax before or after a 20% discount?

• It doesn't matter

• Before the discount

• Only apply tax

• After the discount

What is the final price of a car if a 7.5% sales tax is applied to a $16,000 discounted price?

• $17,500

• $18,000

• $16,500

• $17,200