Markup and Markdown Test

A book with a base price of $15.75 is marked up by 65%. What is the new price, to the nearest cent?

A

A software store has put some of its inventory on sale. Games are marked down by 15%, and security programs are marked down by 18%. If you pay $35.70 each for two games and $22.96 for a security program, how much have you saved?

A

In order to clear out room for new merchandise, James decided to mark down some of the items for sale in his electronics store. He marked down DVD players by 36%, and he marked down stereo tuners by 22%. If DVD players cost $41.60 after the markdown and stereo tuners cost $69.42 after the markdown, which item's price was reduced by more, and by how many dollars more was it reduced? Round all dollar values to the nearest cent.

A - The DVD player's price was reduced by $3.82 more than the stereo tuner's price.

A mattress underwent the following changes in price before being removed from the store. If the final price of the mattress was $227.83, what was the original price of the mattress, to the nearest dollar? Round all dollar values to the nearest cent.

A- $356

A jacket costs $72.90 before it is marked down 42%. What is its new price, to the nearest cent?

B - $42.28

A floor lamp originally cost $44.50. Over a period of two months, it underwent the following changes in price. What is the final price of the floor lamp? Round all dollar values to the nearest cent.

B - $47.72

A store is selling a black pair of shoes for $79.45 and a brown pair of shoes for $133.99. The black pair of shoes is marked up by 44%, and the brown pair of shoes is marked down by 21%. Which pair of shoes is more expensive, and how much more expensive is it? Round all dollar values to the nearest cent.

B - The black pair costs $8.56 more than the brown pair.

Winter is coming, so Sasha decides to buy new outdoor gear. She has a coupon good for 25% off. She buys a coat with an original price of $85.75, a pair of boots with an original price of $71.99, a scarf with an original price of $24.25, and a pair of gloves with an original price of $44.95. She pays a total of $208.94. To which item did Sasha apply her coupon?

B - boots

Jan went grocery shopping and only bought items which had been marked down. The items she bought, along with their prices, can be seen below.

C - 16.65%

A store marks down the price of a necklace from $389.85 to $314.15. By what percent did the price decrease? Round to two decimal places.

C - 19.42%

A retailer marks up the price of a coffee mug from $6.25 to $8.77. By what percent did the price increase? Round to two decimal places.

C - 40.32%

Richard's store sells pineapples and grapefruits. Pineapples originally cost $5.15 apiece, and grapefruits originally cost $2.25 apiece. Richard reduced the prices to $3.88 for a pineapple and $1.56 for a grapefruit. Which fruit had its price reduced by a greater percent, and how many percentage points greater was that reduction than the other? Round to two decimal places. (Express your answer in percentage points; for example, 15% is 3 percentage points greater than 12%.)

C - The price of grapefruits experienced a reduction 6.01 percentage points greater than the price of pineapples.

Ira purchased a new dishwasher for $361.35. The dishwasher was on sale for 17.5% off. What was the original price of the dishwasher, to the nearest dollar?

D

Put the following items in order from most expensive to least expensive.

D - DVD, jeans, toaster, headphones

Which of the following statements best describes the difference between markup and margin?

D - Markup relates profit to cost while margin relates profit to selling price.

Craig runs a clothing store. He has decided to apply a markdown of 30% to one item in order to draw customers into the store, and he will apply a markup of 25% to three different items, which he hopes the customers will purchase after purchasing the marked-down item. He has chosen four candidates for this process: a leather jacket with an initial cost of $112.75, a blazer with an initial cost of $76.85, a pair of boots with an initial cost of $134.50, and a wristwatch with an initial price of $89.65. After applying the changes, the total cost of purchasing one of each item is $29.46 more than it was before applying the changes. Which item was marked down?

boots