Markups and Markdowns

Question 1

A store bought jeans at a cost of $40 a pair. Select all the statements that are true.

Revolt · Accepted Answer

If the price is marked up 25%, the selling price will be $50.; If the selling price is $70, the price is marked up 75%.

Question 2

What is the sale price?$16.20$10.80✔ $25.20$46.80

Revolt · Accepted Answer

✔ $25.20

Question 3

Question 3

Revolt · Accepted Answer

$10.80; $25.20

Question 4

What percent of the bill would an $11 tip be?15%20%✔ 22%24%

Revolt · Accepted Answer

✔ 22%; 22%; 25%

Question 5

What percent of the bill would a $12.50 tip be?20%22%24%✔ 25%

Revolt · Accepted Answer

✔ 25%

Question 6

Question 6

Revolt · Accepted Answer

$9; 25%

Question 7

What is the amount of the markdown?$10✔ $10.80$12.20$18

Revolt · Accepted Answer

✔ $10.80; $10.80; $25.20

Question 8

After a few weeks, the store manager put the jeans on sale at 15% off. What was the sale price?$

Revolt · Accepted Answer

59.50

Question 9

Which situation is modeled here?

Revolt · Accepted Answer

an item marked down 20% to $9.60

Markups and Markdowns Answers