financial math: Quiz 1: Discounts and Markup
An spark plug listed at $1.89, marked down 29%.
$1.34
What is the original list price if the discount is $25 and the discount rate is 12%?
.12x = $25 x = $25/.12 = $208.33
A candy bar costing $0.52 and selling for $0.79.
.27
Find the selling price of the following item. A box of pencils costing $0.20 and marked up $0.19.
.39
Your business signs a ninety-day promissory note for $1,000 at 4% monthly interest. How much interest will you have to pay on a collect basis?
120
A table marked up $45.00, selling for $189.95
144.95
You see a used car you wish to buy. The dealer quotes you a price of $8,595. You have a blue book quotation of $7,400 for the same model and year. How much markup on cost is the dealer using?
16.15
What price should a retailer place on an item that costs him $13.95, if he wants a markup of 30%?
18.14
You are offered an item for $22.85. If the seller states he normally sells the same item for $29.95, what percentage discount is he offering you?
23.96
If an item has a retail price = $1,995 and a discount of 15%, how much is the discount?
299.25
Find the sales price of the following item. A toaster originally costing $39.99, marked down $8.50.
31.49
If an article costs a store $7.45 and if it sells the article for $9.95, what percentage (to the nearest tenth) markup is it using?
33.6
If the cost is $35.96 and the desired markup is 10%, what is the price after markup?
39.56
You are offered an item for $13.79. If the seller states he normally sells the same item for $14.95, what percentage discount is he offering you?
7.76
Your bill from Acme Supply Company is marked "2/12, net 30." The amount of the bill is $89.95. If you pay the bill within 12 days, how much should you tender?
88.15
A skateboard costing $39.00 marked up 40% on cost.
Markup= 15.60 Selling price= 54.60
Which industry had the greatest percentage increase in profits as a percentage of sales between 1970 and 1974?
chemicals 64%
Liquidity refers to the degree of readiness of conversion of an asset into cash.
true
Manufacturers sometimes offer a quantity discount to buyers on large orders.
true
