Markup and Discount Worksheet
Practice calculating markup, discount, sale price, and original price with various real-world scenarios.
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Markup and Discount Practice
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Read each question carefully and solve for the unknown value. Show your work.
1. A is an amount added to the cost price to determine the selling price.
2. A is a reduction in the original price of an item.
3. The original price minus the discount is called the price.
4. To find the markup amount, you multiply the cost by the markup .
5. A store buys a pair of shoes for $40 and marks them up by 75%. What is the selling price of the shoes?
6. A furniture store purchases a couch for $300 and applies a 120% markup. What is the markup amount and the final selling price?
7. A bicycle originally priced at $250 is on sale for 20% off. What is the discount amount and the sale price?
8. A jacket has an original price of $80. It is discounted by 35%. What is the final price a customer would pay?
9. A shirt costs a retailer $15. If they sell it for $24, what is the markup percentage?
40%
60%
50%
75%
10. A store is having a sale where all items are 25% off. If a customer buys an item for $45, what was its original price?
$56.25
$60.00
$75.00
$45.00
11. A markup always results in a selling price lower than the cost price.
True
False
12. If an item is discounted by 50%, its sale price is half of its original price.
True
False