Markups and Markdowns Answers

An item is purchased for a wholesale price of $48 and will be sold at a 55 percent markup. Which expression should be used to find the amount of the markup?

A restaurant bill is $25, and a 20 percent tip should be given to the waiter. Which expression can be used to find the total amount that will be paid?

A store is selling a hat at a 55 percent markup. The store originally paid $16 for the hat. What is the retail price of the hat?

Thom’s restaurant bill is $45 and he leaves a 20 percent tip. What is the total cost for Thom’s meal?

Kitchen chairs are purchased wholesale for $36 each by a discount furniture store. Then, the store marks up the chairs by 60 percent. The store has a special sale where all items are marked down by 20 percent. How much would two chairs cost during the sale?

The wholesale price of a lamp is $44 and will be marked up by 40 percent. What is the retail price of the lamp?

A jacket costs $35 and has an 8 percent tax rate. Which expression will find the cost of the tax on the jacket?