BM427 Markdown/Markups Test Review

Last updated over 4 years ago

8 questions

BM427 Markdown/Markups Test Review

Last updated over 4 years ago

8 questions

Put all your answers in the provided chart.  Show your work in the workspace provided.  Remember to round all percents to the nearest whole percent.  Round all money to the nearest hundredth.

Staples has a hole punch that originally cost $16 and now sells for $28.30. Find the markup amount and the percent markup based on the selling price.

A hairdryer costs $27 and is marked up 30% based on cost. Find the markup amount and the selling price.

Best Buy sells a particular laptop computer for $1,399. During their last sale, the laptop was marked down 25%. Calculate the markdown amount and the reduced selling price.

Kohl's was selling children's jeans for $29.99. During a recent sale, they marked the jeans down $8.00. Calculate the reduced selling price and the rate of the markdown.

Find the markdown amount and the reduced price of a notebook that used to sell for $2.50 and was marked down 30%.

Raymour and Flanigan had a dining room table that originally sold for $3,000. The store offered a week-long sale and marked the table down 15%. Find the markdown amount and the reduced price.

You buy some new LED TV's at $1,250 each. You plan to mark them up 60% based on cost. During the holidays you decide to have a sale and mark all the TV's down by 30%. Find the final selling price.

Nordstrom just received a shipment of shoes that cost $39 per pair. They marked up each pair 175% based on cost. After five weeks, the shoes were marked down 30%. After another five weeks, the remaining shoes were marked down an additional 20%. Calculate the final selling price of the shoes.