Markup and Discount Worksheet
Grade 11 Math worksheet on calculating markup, discount, and related percentages for real-world applications.
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Markup and Discount
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Read each question carefully and calculate the requested values. Show all your work for full credit.
1. Markup is the difference between the selling price and the price.
2. When an item is sold at a discount, its selling price is than its original price.
3. The formula for calculating markup percentage is (Markup / price) × 100%.
1. A store buys a jacket for $50 and sells it for $80. What is the markup amount and the markup percentage?
2. An electronics store marks up all its products by 40%. If a laptop costs the store $600, what is the selling price?
1. A pair of shoes originally priced at $120 is on sale for 25% off. What is the discount amount and the sale price?
2. A bicycle is sold for $350 after a 30% discount. What was the original price of the bicycle?
1. If an item costs $75 and is marked up by $25, what is the selling price?
$50
$100
$75
$125
2. A product is sold for $150 after a 10% discount. What was the original price?
$135
$165
$166.67
$170
1. A 20% markup on cost is the same as a 20% profit margin on selling price.
True
False
2. When an item is discounted, the discount amount is subtracted from the original price to find the sale price.
True
False
A clothing store buys jeans for $30 each. They mark them up by 60%. During a sale, they offer a 20% discount on all items. What is the final selling price of the jeans during the sale?