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Markup and Markdown Worksheet

This worksheet focuses on calculating markup, markdown, selling price, and original price for various items, aligning with Grade 10 math standards.

Grade 10 Math Percents, Ratios, and RatesMarkup and Markdown
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Includes

Fill in the BlanksMultiple Choice2 Short AnswerTrue / False

Standards

CCSS.MATH.CONTENT.7.RP.A.3

Topics

mathpercentsmarkupmarkdowngrade 10
7 sections · Free to use · Printable
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Markup and Markdown Practice

Name:

Date:

Score:

Read each question carefully and calculate the markup, markdown, selling price, or original price as required. Show all your work.

1. Markup is the amount added to the cost price of a product to determine its  .

2. Markdown is a   in the selling price of an item.

3. The formula for calculating selling price with a markup is: Cost +   = Selling Price.

4. A store buys a shirt for $20 and sells it for $30. What is the markup percentage?

a

25%

b

33.3%

c

50%

d

100%

5. An item originally priced at $50 is on sale for 20% off. What is the markdown amount?

a

$5

b

$10

c

$20

d

$40

6. A retailer purchases a bicycle for $150 and marks it up by 40%. What is the selling price of the bicycle?

7. A jacket is on sale for $75 after a 25% markdown. What was the original price of the jacket?

8. Markdown always results in a higher profit for the seller.

T

True

F

False

9. A markup of 100% means the selling price is double the cost price.

T

True

F

False

10. A store wants to achieve a 60% markup on a pair of shoes that cost them $45. What should be the selling price?