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Mark Up, Mark Down

Total questions: 20

Worksheet time: 36mins

Name
Class
Date
1.
Discount is ____________ from the price.
a)
added
b)
divided
c)
subtracted
d)
Mr. Ed is very old
2.
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
3.
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
4.
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
5.

What is a mark down?

a)

sale price

b)

discount

c)

mark up

d)

percent

6.

Percent is based out of ______?

a)

10

b)

100

c)

1000

d)

400

7.
Change .98 into a percent.
a)
98%
b)
9.8% 
c)
980%
d)
.98%
8.
A pair of boots are $94.99.  They are 25% off. With this discount, what is the sale price?
a)
$71.24
b)
$118.74
c)
23.7475
d)
$23.75
9.
How do you find the SALE PRICE?
a)
calculate the discount
b)
original price + tax
c)
original price - discount
10.
Mrs. Lindenberger is buying some groceries.  They total to $35.50.  Sales tax is 4.5%.  When she goes to pay, how much will she pay?
a)
$1.60
b)
$37.10
c)
$40.00
d)
$2.50
11.

Mark-down is also known as

(a)  

12.

What is the mark-up if the selling price is P450.75 and the original cost of the product is P400.00?

(a)  

13.

How much is the selling price of a watch if the desired mark-down for it is at 10%, given its acquisition cost of P102.50?

(a)  

14.

This is the ratio of the increase in price to the original price

(a)  

15.

This is the ratio of the mark-up to the selling price.

(a)  

16.

Original Price- P260; MarkDown - P78; MarkDown Rate- ?

(a)  

17.

In 1995, David bought a 200 square meter lot for P200 000. This year, he is planning to sell the lot for P2 000 000. How much is the gross margin?

a)

P180 000

b)

P180 000 000

c)

P1 800 000

d)

P 2 200 000

18.

A laptop has an original price of P 22 500. If it is sold at P 25,000 last week, what is the mark-on price if you have bought it at P 25, 500?

(a)  

19.

Calculate the gross margin rate for an item that originally costs P500 and is sold at P625.

(a)  

20.

A smartphone , which was sold at P 15, 500. 00, is marked 30% up. How much is its second selling price?

(a)