Markup and Markdown Worksheet
This worksheet provides exercises on calculating markup, markdown, selling price, cost, and profit percentage, aligned with Grade 11 math curriculum.
Includes
Standards
Markup and Markdown
Name:
Date:
Score:
Read each question carefully and show all your work. Round all answers to two decimal places where necessary.
1. A store buys a television for $450 and marks it up by 35%. What is the selling price of the television?
2. An item has a cost of $80 and a selling price of $120. Calculate the markup percentage based on cost.
1. A pair of shoes originally priced at $90 is on sale for 20% off. The markdown amount is and the sale price is .
2. A jacket that normally sells for $150 is discounted to $105. The markdown percentage is .
1. If an item costs $60 and is sold for $75, what is the profit percentage based on selling price?
20%
25%
33.33%
40%
2. A retailer wants to achieve a 40% markup on cost. If an item costs $200, what should be its selling price?
$240
$280
$300
$320
1. Markup is always calculated as a percentage of the selling price.
True
False
2. Markdown reduces the original selling price of an item.
True
False
1. A furniture store bought a sofa for $600. They want to sell it for a 50% markup on the selling price. What is the selling price they should set?
2. A bookstore is having a clearance sale. A book that was originally priced at $25 is now on sale for $18. What is the markdown percentage?