Sign up for FREE

BM427 Markups/Markdowns Test

Last updated over 4 years ago

8 questions

4

4

4

4

4

4

6

6

Solve each problem in the workspace provided.

Question 1

1.

Staples has a printer that originally cost $43 and now sells for $79.95. Find the markup amount and the percent markup based on the selling price.

Question 2

2.

Target is selling a particular toaster oven that costs $27 and is marked up 45% based on cost. Find the markup amount and the selling price.

Question 3

3.

Lowe's sells a particular dishwasher for $729. During their last sale, the dishwasher was marked down by 15%. Calculate the markdown amount and the reduced selling price.

Question 4

4.

Kohl's was selling children's jeans for $39.99. During a recent sale, they marked the jeans down $12.00. Calculate the reduced selling price and the rate of the markdown.

Question 5

5.

Find the markdown amount and reduced price of a child's bicycle that sells for $89.99 and is marked down 20%.

Question 6

6.

Raymour and Flanigan had a loveseat that originally sold for $899. The store offered a week-long sale and marked the loveseat down to $749. Find the markdown amount and the rate of the markdown.

Question 7

7.

Walmart bought coffee tables ofr $37 each. They marked up the coffee tables 90% based on selling price. Walmart then had a sale and marked all the coffee tables down by 20%. Find the final selling price.

Question 8

8.

Nordstrom just received a shipment of men's suits that cost $109 each. They marked up each suit 125% based on cost. After five weeks, the suits were marked down by 15%. After another five weeks, the remaining suits were marked down an additional 20%. Calculate the final selling price of the suits.