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Worksheets

Markup & Markdown

Total questions: 14

Worksheet time: 11mins

Name
Class
Date
1.

Below are the formulas for Gross Profit, EXCEPT

a)

GP = C + OE

b)

GP = SP - C

c)

GP = OE + NP

2.

The cost of the shirt was RM100. Ali planned to sell the shirt for a gross profit of 32% based on the selling price. What is the sale price of the shirt?

a)

RM147.06

b)

RM132

c)

RM100.32

d)

RM175.00

3.

A store pays RM1.50 for a bag of candy. If the store wants to mark up the price by 60% based on the cost, for how much will the store sell the bag of candy?

a)

RM0.60

b)

RM2.40

c)

RM0.90

d)

RM6.00

4.

A computer store used a markup rate of 40% based on cost price. Find the selling price of a computer game that costs RM250.

a)

RM355.00

b)

RM150.00

c)

RM330.00

d)

RM350.00

5.

A notebook is sold for RM1.50. If the price is mark down by 20%, what is the new selling price of the notebook?

a)

RM0.30

b)

RM4.80

c)

RM1.20

d)

RM1.80

6.

Walmart sells birthday cakes for RM18. After 3 days, they mark down the cakes by 45%. How much is the amount of discount?

a)

RM9.90

b)

RM8.10

c)

RM16.10

d)

RM17.90

7.

JJ Shop bought a television for RM2,000. The operating expenses were 15% based on the cost and the shop wants to earn 33% net profit based on the cost. What is the selling price?

a)

RM2,048

b)

RM3,846.15

c)

RM2,960

d)

RM2,000

8.

What is the formula for Break-even price?

a)

BEP = C + OE + NP

b)

BEP = C + NP

c)

BEP = C + OE

d)

BEP = OE + NP

9.

Saiful bought a fan at RM20. He wanted to obtain RM6 net profit and 5% operating expenses on cost. What is the break-even price of the fan?

a)

RM21

b)

RM26

c)

RM27

d)

RM23

10.

When the New Selling Price - BEP > 0, then the retailer will earn profit.

a)

TRUE

b)

FALSE

11.

The selling price and break-even price for a box of pens are RM28 and RM20, respectively. If Ali wants to mark down the box of pens by 25%, was there a profit or loss? How much?

a)

Profit by RM7

b)

Profit by RM1

c)

Loss by RM7

d)

Loss by RM1

12.

The selling price and break-even price for a box of pens are RM28 and RM20, respectively. If Ali wants to sell it at RM18, was there a profit or loss? How much?

a)

Profit by RM2

b)

Profit by RM10

c)

Loss by RM2

d)

Loss by RM10

13.

A retailer sold a sofa for RM3,800. If the cost of that sofa was RM2,900 and the operating expenses incurred were 23% based on the seling price, find the maximum markdown that could be offered without incurring any loss.

a)

RM20

b)

RM26

c)

RM15

d)

RM29

14.

Below are the formulas for Selling Price, EXCEPT

a)

SP = C + GP

b)

SP = C + OE + NP

c)

SP = C + OE

d)

SP = C + M