Markup and Markdown Worksheet
Practice calculating markup, markdown, selling price, and discount percentage for various items.
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Markup and Markdown Worksheet
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Read each problem carefully and calculate the markup, markdown, selling price, or discount percentage as required. 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 is also known as the price.
1. A bicycle costs the store $120. If the store marks it up by 40%, what is the selling price?
$140
$168
$180
$200
2. A shirt originally priced at $30 is on sale for $21. What is the discount percentage?
15%
20%
25%
30%
1. A pair of shoes has a wholesale cost of $50. The store applies a 60% markup. What is the selling price?
2. A jacket is originally priced at $80. It is put on sale with a 25% markdown. What is the sale price of the jacket?
1. Markup is always calculated as a percentage of the selling price.
True
False
2. A discount reduces the price of an item.
True
False
Match the term with its definition.
1. Markup
a. The amount by which the original price is reduced.
2. Markdown
b. The cost to the store for an item.
3. Original Price
c. The amount added to the cost to determine the selling price.
4. Discount
d. The price before any discount or sale.
1. A store buys a smartphone for $300. They want to make a 50% profit on the cost. After marking it up, they decide to offer a 10% discount during a sale. What is the final selling price of the smartphone?
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