Discount and Markup Quiz

What is the markup if a store buys an item for $10 and sells it for $15?

• $15

• $10

• $5

• $3

How is the selling price defined?

• The amount a customer pays for an item

• The cost price of an item

• The discount on an item

• The profit made by the store

If a store pays $68 for an item and marks it up by 35%, what is the selling price?

• $135

• $23.80

• $91.80

• $68

What is the discount amount if an item priced at $89 is on sale for 25% off?

• $22.25

• $66.75

• $25

• $89

How do you calculate the sale price using the percentage method?

• Add the discount to the original price

• Multiply the original price by the percentage of the sale price

• Divide the original price by the discount percentage

• Subtract the discount from the original price

A pizza originally costs $8.50 and is marked down by 90%. What is the 1964 price?

• $8.50

• $0.85

• $1.00

• $7.65

What percentage of the original price is paid if an item is discounted by 33%?

• 33%

• 67%

• 100%

• 0%

How do you calculate the final price after adding a sales tax of 7.75%?

• Multiply the discounted price by 1.0775

• Add 7.75 to the discounted price

• Subtract 7.75 from the discounted price

• Divide the discounted price by 1.0775

What is the discounted price of a television originally priced at $599 with a 33% discount?

• $401.33

• $599.33

• $197.67

• $599

If a television is discounted by 33% and then a sales tax of 7.75% is added, what is the final price?

• $401.33

• $432.43

• $443.43

• $599