16
QuizMultiple Choice

Markups and Markdowns — Quiz

Question 16 • Grade 7 Mathematics

Henri bought a swim suit at a cost of 8 dollars Which statements are true regarding the cost of the suit? Choose three correct answers.

Answer
A
If the selling price is marked up by 55 percent, the new price will be 5 point 5 0 dollars .
B
If the selling price is marked up by 25 percent, the new price will be 10 dollars .
C
If the selling price is marked up by 75 percent, the new price will be 14 dollars .
D
If the selling price is marked up by 40 percent, the new price will be 7 point 5 0 dollars .
E
If the selling price is marked up by 70 percent, the new price will be 13 point 6 0 dollars .

Explanation

A markup is calculated as a percentage of the $8 cost and then added to the cost. A 25% markup gives $8 + $2 = $10, a 75% markup gives $8 + $6 = $14, and a 70% markup gives $8 + $5.60 = $13.60. So the true statements are the ones describing prices of $10, $14, and $13.60.

AI-written and checked against the verified answer.

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