Understanding Percent Markup and Retail Price Calculations

What is the retail price of a refrigerator if the wholesale price is $1400 and the markup is 15%?

• $1610

• $1500

• $1550

• $1700

If a store marks up a product by 15%, what percentage of the original price does the consumer pay?

• 105%

• 110%

• 115%

• 100%

How much does the price increase if a $1400 item is marked up by 15%?

• $150

• $250

• $210

• $200

What is the percent markup if the wholesale price is $5500 and the retail price is $6975?

• 15%

• 30%

• 25%

• 20%

If a product's price increases from $5500 to $6975, what is the increase amount?

• $1500

• $1375

• $1400

• $1200

How do you convert a decimal to a percentage?

• Move the decimal two places to the left

• Move the decimal two places to the right

• Add a zero at the end

• Subtract a zero from the end

What is the wholesale price of a dress if the retail price is $180 and the markup is 20%?

• $150

• $160

• $170

• $140

If a dress is marked up by 20% and sold for $180, what is the markup amount?

• $30

• $20

• $40

• $25

What is the formula to find the wholesale price if the retail price and markup percentage are known?

• Retail price plus markup percentage

• Retail price minus markup percentage

• Retail price multiplied by (1 + markup percentage)

• Retail price divided by (1 + markup percentage)

If the retail price is $180 and the markup is 20%, what percentage of the retail price is the wholesale price?

• 85%

• 80%

• 75%

• 83.33%