Markup and Markdown Worksheet

Markup and Markdown Practice

Read each question carefully and calculate the markup, markdown, sales price, or original price as required. Show your work for full credit.

1. When a store increases the price of an item to make a profit, this 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  .

1. A store buys a shirt for $15.00 and marks it up by 40%. What is the markup amount and the selling price?

2. A bicycle costs the retailer $120.00. If they want to make a 75% profit (markup), what will be the selling price of the bicycle?

1. A pair of shoes originally costs $80.00. If they are on sale for 25% off, what is the markdown amount and the sales price?

2. A video game is priced at $60.00. It goes on sale for 15% off. What is the new sales price?

1. A jacket has an original price of $100.00. It is marked down by 30%. What is the sales price?

2. A store marks up an item by 20%. If the original cost to the store was $50.00, what is the selling price?

1. Markup is the amount of money a store adds to the cost of an item to determine the selling price.

2. When an item is on sale, the markdown percentage is usually applied to the sales price.