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Mark-up, Margin and Mark-down

Total questions: 20

Worksheet time: 17mins

Name
Class
Date
1.

What is the total cost of an piano that costs $1200 with a markup of 75%?

a)

$2100

b)

$1275

c)

$300

d)

$96.30

2.

What is the total cost of an item that costs $40 with a markup of 80%?

a)

$8.00

b)

$21.60

c)

$32.00

d)

$72.00

3.

1. What do we call the sales minus the cost of goods sold?

a)

list price

b)

mark-up

c)

margin

d)

net price

4.

2. What do we call the amount by which the cost is increased on a product to arrive at the selling price?

a)

list price

b)

mark-up

c)

margin

d)

selling price

5.

3. What do we call the price of an article that includes all the expenses in the production of the product?

a)

cost

b)

mark-up

c)

margin

d)

selling price

6.

4. What do we call the result of adding the cost and the mark-up?

a)

cost

b)

mark-up rate

c)

margin

d)

selling price

7.

6. What do we call the result of dividing the mark-up and the cost?

a)

cost price

b)

mark-up percentage

c)

margin percentage

d)

selling price

8.

7. A cellphone cover sells for ₱250 and costs ₱185 to manufacture. How much is the margin in percentage?

a)

0.26%

b)

0.35%

c)

26%

d)

35%

9.

8. A seller of tumbler wanted a mark-up based on cost of 12%. If his tumbler costs ₱460, how much will be the mark-up?

a)

Php5.52

b)

Php55.20

c)

Php465.20

d)

Php515.20

10.

9. Claire sold her headphone at a selling price of ₱750. The cost of her headphone amounts to ₱475. What is the margin percentage?

a)

0.37%

b)

0.58%

c)

37%

d)

58%

11.

10. XYZ Trading buys travel mugs for ₱45.75 and sells them for ₱73.20. What is the mark-up percentage?

a)

3.75%

b)

6%

c)

37.5%

d)

60%

12.

If cost price is RM 80 and selling price is RM 100, the mark-up is _______% and margin is _______%.

a)

25........20

b)

20........25

c)

33........20

d)

25........33

13.

Mr Lee sells goods at cost plus 25%. If the selling price of he goods is RM 50,000, what is the cost price of the goods

a)

RM 40,000

b)

RM 12,500

c)

RM 37,500

d)

RM 41,667

14.

If the sales are RM 30,000 and the mark-up is 20%, what is the figure of cost of sales?

a)

RM 25,000

b)

RM 24,000

c)

RM 6,000

d)

RM 5,000

15.

If the cost of sales is RM 90,000 and the margin is 25%, what is the sales value?

a)

RM 120,000

b)

RM 22,500

c)

RM 112,500

d)

RM 30,000

16.

What is a mark down?

a)

sale price

b)

discount

c)

mark up

d)

percent

17.
The original price of a pair of shoes is $29.99 and their is a mark down of 10% because the shop is having a black friday sale. What is the sale amount of the pair of shoes?
a)
$2.99
b)
$32.99
c)
$27
18.
Sam bought an $85.00 jacket for 40% off of the regular price.  How much did he pay for the jacket? 
a)
75
b)
51
c)
36
d)
34
19.
In a video store, a DVD that sells for $15 is marked 10% off. What is the amount of discount?
a)
1.00
b)
1.50
c)
16.50
d)
13.50
20.

The price of a computer drops from $600 to $450, then what is the mark-down percent?

a)

30%

b)

-30%

c)

25%

d)

125%