Understanding Markups and Markdowns

What is a markup in terms of percentage change?

• A discount

• An increase in price

• A fixed price

• A decrease in price

Which of the following is an example of a percent increase?

• Buy one get one free

• Taxes

• Coupons

• Discounts

If an item originally costs $65 and is marked down by 12%, what is the new price?

• $72.80

• $57.20

• $7.80

• $65.00

In the markdown example, what does the $7.80 represent?

• The amount of discount

• The original price

• The tax amount

• The new price

How much of the original price are you paying after a 12% markdown?

• 100%

• 12%

• 88%

• 50%

What is the new price if an item originally costs $65 and is marked up by 12%?

• $57.20

• $65.00

• $72.80

• $7.80

What is a common real-world example of a markup?

• Buy one get one free

• Discounts

• Coupons

• Sales tax

If you have a 25% off coupon for a $14 item, what is the final price?

• $11.50

• $3.50

• $14.00

• $10.50

What percentage is sales tax typically considered?

• A fixed amount

• A percent decrease

• A discount

• A percent increase

What is a markdown in terms of percentage change?

• An increase in price

• A decrease in price

• A fixed price

• A tax