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AssignmentMultiple Select

Markups and Markdowns

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

A store buys items at a wholesale price of $45 each. If the store marks up the price, and no discounts are given, which could be possible retail prices? Check all that apply.

Answer
A
$30
B
$39
C
$45
D
$49
E
$65

Explanation

A markup means the retail price is greater than the wholesale price of $45. The prices $49 and $65 are both greater than $45, so either could be a retail price after a markup. Prices of $30 and $39 are lower, and $45 is unchanged, so none of those represent a markup.

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