Markup and Discount Worksheet
A Grade 10 Math worksheet covering markup, discount, and related calculations.
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Markup and Discount Worksheet
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Read each question carefully and show all your work. Round your answers to two decimal places where necessary.
1. A store buys a jacket for $75.00 and marks it up by 40%. What is the selling price of the jacket?
2. An item has a cost of $120. If the selling price is $168, what is the percent markup based on cost?
3. Markup is the difference between the selling price and the .
4. When an item is sold below its original price, it is called a .
5. A television is originally priced at $500. It is on sale for 20% off. What is the discount amount?
$80
$100
$120
$400
6. A pair of shoes is on sale for $70 after a 30% discount. What was the original price?
$91
$100
$107
$115
7. A retailer buys a bicycle for $200. They want to make a profit of 50% on the cost. What is the selling price? If they then offer a 10% discount on the selling price, what is the final price the customer pays?
8. A 25% markup on cost is the same as a 25% profit margin on the selling price.
True
False