Markup and Markdown Answers

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1
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Put the following items in order from most expensive to least expensive.ItemBase PriceChangeDirectionToaster$23.3536%MarkupDVD$20.3666%MarkupHeadphones$69.0956%MarkdownJeans$55.0841%Markdown

A
headphones, jeans. toaster, DVD
B
headphones, DVD, toaster, jeans
C
DVD, toaster, headphones, jeans
D
DVD, jeans, toaster, headphones
3

A store is selling a black pair of shoes for $79.45 and a brown pair of shoes for $133.99. The black pair of shoes is marked up by 44%, and the brown pair of shoes is marked down by 21%. Which pair of shoes is more expensive, and how much more expensive is it? Round all dollar values to the nearest cent.

A
The black pair costs $6.82 more than the brown pair.
B
The black pair costs $8.56 more than the brown pair.
C
The brown pair costs $9.72 more than the black pair.
D
The brown pair costs $12.54 more than the black pair.
5

Put the following items in order from most expensive to least expensive.ItemBase PriceChangeDirectionToaster$23.3536%MarkupDVD$20.3666%MarkupHeadphones$69.0956%MarkdownJeans$55.0841%Markdown

A
headphones, jeans. toaster, DVD
B
headphones, DVD, toaster, jeans
C
DVD, toaster, headphones, jeans
D
DVD, jeans, toaster, headphones
6

In order to clear out room for new merchandise, James decided to mark down some of the items for sale in his electronics store. He marked down DVD players by 36%, and he marked down stereo tuners by 22%. If DVD players cost $41.60 after the markdown and stereo tuners cost $69.42 after the markdown, which item’s price was reduced by more, and by how many dollars more was it reduced? Round all dollar values to the nearest cent.

A
The DVD player’s price was reduced by $3.82 more than the stereo tuner’s price.
B
The DVD player’s price was reduced by $27.82 more than the stereo tuner’s price.
C
The stereo tuner’s price was reduced by $0.29 more than the DVD player’s price.
D
The stereo tuner’s price was reduced by $27.53 more than the DVD player’s price.
11

A mattress underwent the following changes in price before being removed from the store.20%Markdown35%Markup24%Markdown13%Markup31%MarkdownIf the final price of the mattress was $227.83, what was the original price of the mattress, to the nearest dollar? Round all dollar values to the nearest cent.

A
$356
B
$312
C
$251
D
$146
12

A software store has put some of its inventory on sale. Games are marked down by 15%, and security programs are marked down by 18%. If you pay $35.70 each for two games and $22.96 for a security program, how much have you saved?

A
$17.64
B
$14.84
C
$12.24
D
$11.34
13

Jan went grocery shopping and only bought items which had been marked down. The items she bought, along with their prices, can be seen below. Item Final Price Markdown Chicken $8.47 15% Milk $2.16 20% Onions $0.89 10% Potato chips $1.45 12% Oranges $1.36 25% Flour $4.39 18% What would be the total of Jan's grocery bill if she purchased all of the items before they were marked down?

A
$15.85
B
$16.50
C
$22.46
D
$24.66
14

In order to clear out room for new merchandise, James decided to mark down some of the items for sale in his electronics store. He marked down DVD players by 36%, and he marked down stereo tuners by 22%. If DVD players cost $41.60 after the markdown and stereo tuners cost $69.42 after the markdown, which item’s price was reduced by more, and by how many dollars more was it reduced? Round all dollar values to the nearest cent.

A
The DVD player’s price was reduced by $3.82 more than the stereo tuner’s price.
B
The DVD player’s price was reduced by $27.82 more than the stereo tuner’s price.
C
The stereo tuner’s price was reduced by $0.29 more than the DVD player’s price.
D
The stereo tuner’s price was reduced by $27.53 more than the DVD player’s price.
15

Which of the following statements best describes the difference between markup and margin?

A
Markup is a term used to describe profit while margin is a term used to describe loss.
B
Markup is a term used to describe loss while margin is a term used to describe profit.
C
Markup relates profit to selling price while margin relates profit to cost.
D
Markup relates profit to cost while margin relates profit to selling price.
16

A store is selling a black pair of shoes for $79.45 and a brown pair of shoes for $133.99. The black pair of shoes is marked up by 44%, and the brown pair of shoes is marked down by 21%. Which pair of shoes is more expensive, and how much more expensive is it? Round all dollar values to the nearest cent.

A
The black pair costs $6.82 more than the brown pair.
B
The black pair costs $8.56 more than the brown pair.
C
The brown pair costs $9.72 more than the black pair.
D
The brown pair costs $12.54 more than the black pair.
17

Ira purchased a new dishwasher for $361.35. The dishwasher was on sale for 17.5% off. What was the original price of the dishwasher, to the nearest dollar?

A
$379
B
$382
C
$425
D
$438
19

Winter is coming, so Sasha decides to buy new outdoor gear. She has a coupon good for 25% off. She buys a coat with an original price of $85.75, a pair of boots with an original price of $71.99, a scarf with an original price of $24.25, and a pair of gloves with an original price of $44.95. She pays a total of $208.94. To which item did Sasha apply her coupon?

A
coat
B
boots
C
scarf
D
gloves

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