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- 1. Multiple Choice
When a price is raised in order to make a profit, this is called:
profit
markup
discount
tax
- 2. Multiple Choice
When you make money, you earn a:
markup
sale
discount
profit
- 3. Multiple Choice
When a price gets lowered, this is known as:
markdown
profit
markup
percent
- 4. Multiple Choice
All the following terms represent a markdown, except:
sale
clearance
markup
discount
- 5. Multiple Choice
Discount is ____________ from the original price.
added
divided
subtracted
multiplied
- 6. Multiple Choice
Markup is _________________ to the original price.
subtracted
added
divided
multiplied
- 7. Multiple Choice
When a discount is applied to an item, the amount you pay for the item is called the:
original price
sale price
percent off
discount
- 8. Multiple Choice
Mrs. Allison buys Gucci bags wholesale for $28.00 and marks them up 900% to sell on her online store, what is the selling price of the bags?
$280.00
$252.00
$928.00
$224.00
- 9. Multiple Choice
A pair of boots are $94.99. They are 25% off. What is the discount?
$71.24
$118.74
$166.23
$23.75
- 10. Multiple Choice
A television that costs $360.99 is on sale for 75% off. Find the sale price of the television.
$270.74
$631.73
$27,074.25
$90.25
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