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Multiply the original price by the percentage to find the markdown.
Item 6
DIRE...
Mathematics, 12.11.2020 01:00 christib
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Multiply the original price by the percentage to find the markdown.
Item 6
DIRECTIONS: Use this information to answer Parts A, B, C, D, E, F, and G.
A convenience store sells prepaid mobile phones. It purchases them for $12 each and uses a markup rate of 250%.
Question 1
Part A
What is the markup rate in decimal form?
Enter the correct answer in the box.
Markup rate:
a
Question 2
Part B
The markup rate is the constant of proportionality in the equation y=kx. Write an equation that can be used to find the markup on the cost x of a phone.
Enter the correct answer in the box.
Equation:
$\Sigma$
$x$$y$
Question 3
Part C
Using the equation, calculate the markup amount.
Enter the correct answer in the box.
Markup amount: $
Question 4
Part D
What is the retail price of a phone?
Enter the correct answer in the box.
Retail price: $
Question 5
Part E
Next week the store is going to reduce the price to $31.50. Calculate what percent the sale price is of the retail price.
Enter the correct answers in the boxes.
%
Question 6
Part F
Think of the retail price of the phone as 100%. How does the sale price compare to the retail price? What does this tell you about the markdown rate?
Enter the correct answers in the boxes.
The sale price is
% less than the retail price. The markdown rate is
%.
Question 7
Part G
What is an equation in the form y=kx that relates the sale price to the retail price x?
Enter the correct answer in the box.
Equation:
$\Sigma$
Answers: 1
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