Understanding Markup and Markdown

What is the selling price of an item with a wholesale price of $100 and a 10% markup?

• $120

• $90

• $110

• $100

If an item is marked down by 10% from an original price of $100, what is the sale price?

• $100

• $90

• $110

• $80

How do you calculate the markup on an item?

• Multiply the wholesale price by the markup percentage

• Add the markup percentage to the wholesale price

• Subtract the markup percentage from the wholesale price

• Multiply the selling price by the markup percentage

What is the formula to find the sale price after a markdown?

• Sale price plus markdown

• Original price plus markdown

• Original price minus markdown

• Sale price minus markdown

An item is sold for $78.99 after a 25% markup. What was the wholesale price?

• $70.99

• $63.99

• $78.99

• $50.99

An item is marked down by 20% and sold for $143.49. What was the original price?

• $179.36

• $150.00

• $160.00

• $143.49

Which of the following is true about markup?

• It is subtracted from the wholesale price

• It is a fixed amount added to the selling price

• It is a percentage of the selling price

• It is added to the wholesale price

Which of the following is true about markdown?

• It is a percentage of the sale price

• It is subtracted from the original price

• It is a fixed amount subtracted from the sale price

• It is added to the original price

What could you be asked to find in a markup problem?

• Only the markup percentage

• The markup percentage, selling price, or wholesale price

• Only the wholesale price

• Only the selling price

What could you be asked to find in a markdown problem?

• Only the sale price

• Only the original price

• The markdown percentage, sale price, or original price

• Only the markdown percentage