Markup and Discount Worksheet
A Grade 7 math worksheet focusing on calculating markup, discount, and final prices.
Includes
Standards
Topics
Markup and Discount Practice
Name:
Date:
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Read each question carefully and calculate the markup, discount, or final price as requested. Show your work.
1. When a store increases the price of an item to make a profit, it is called a .
2. A is a reduction in the original price of an item.
3. The original price of an item before any changes is often called the price.
4. A shirt costs $20. If there is a 25% discount, what is the discount amount?
$5.00
$15.00
$25.00
$20.00
5. A store buys a toy for $10 and marks it up by 50%. What is the selling price?
$5.00
$10.00
$15.00
$20.00
6. A pair of shoes originally costs $80. If it is on sale for 20% off, what is the final price?
7. A bicycle shop buys a bike for $150 and applies a 30% markup. What is the markup amount and the selling price?
8. A discount always increases the price of an item.
True
False