Markup and Discount Worksheet

Markup and Discount Practice

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. A store buys a toy for $10 and marks it up by 50%. What is the selling price?

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.