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Markups and Markdowns

Question 1 • DAEP - Math 7 A (20 DAY TERM)

A store sells flower arrangements at a cost of $28 each. Which statements are true regarding the price of the arrangements? Select three options.

Answer
A
If the price is marked down by 10 percent, the new price will be $25.20.
B
If the price is marked down by 25 percent, the new price will be $21.00.
C
If the price is marked down by 35 percent, the new price will be $18.20.
D
If the price is marked down by 40 percent, the new price will be $29.80.
E
If the price is marked down by 50 percent, the new price will be $19.00.

Explanation

A markdown leaves the original price minus the discount. For a 10% markdown, $28 × 0.90 = $25.20; for 25%, $28 × 0.75 = $21.00; and for 35%, $28 × 0.65 = $18.20. These match the prices in choices A, B, and C. A 40% markdown would give $16.80, and a 50% markdown would give $14.00.

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