I. MULTIPLE CHOICE. Encircle the letter of the correct answer for each item.
1. It is the difference between how much an item costs you, and how much you sell that item
for--it's your profit per item.
a. Percentage
b. mark-up
c. peso
d. selling price
2. Calculate percent markup based on cost. This is done by the peso markup by the
cost.
a dividing
b. adding
c. multiplying d. subtracting
3. Calculate your
markup. This is done by subtracting your buying price from your
selling price.
a. Selling
b. buying
c. peso
d. percentage
4. Calculate your percent markup based on selling price. This is done by ___ the peso markup
by the selling price.
a. Adding
b. subtracting c. multiplying d. dividing
5. 8 bananas out of a total of 20 were ripe. What percentage were ripe?
a. 20%
b. 30%
C. 40%
d. 50%​