Markup and Discount Worksheet
Practice calculating markup and discount percentages and applying them to real-world scenarios.
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Markup and Discount Practice
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Read each question carefully and calculate the markup or discount. Show your work.
1. A store buys a pair of sneakers for $50 and marks them up by 30%. What is the selling price?
2. A bicycle costs the manufacturer $120 to make. If they mark it up by 45%, what is the retail price?
3. A shirt is originally priced at $25. If it's on sale for 20% off, what is the discount amount and the new selling price?
4. A video game costs $60. If you have a coupon for 15% off, how much will you save and what is the final price?
5. When a store adds a percentage to the cost of an item to determine its selling price, it is called a .
6. A is a reduction in the original price of an item.
7. To calculate the , you multiply the original price by the discount percentage.
8. A jacket costs $80. If it is discounted by 10%, what is the new price?
$8.00
$72.00
$88.00
$70.00
9. A store buys a toy for $15 and sells it for $21. What is the markup percentage?
20%
30%
40%
50%
10. A markup always increases the price of an item.
True
False
11. A discount is always subtracted from the original price.
True
False