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.
Includes
Standards
Topics
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?
25%
33.3%
50%
100%
5. An item originally priced at $50 is on sale for 20% off. What is the markdown amount?
$5
$10
$20
$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.
True
False
9. A markup of 100% means the selling price is double the cost price.
True
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?
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