Markup and Markdown Worksheet
This worksheet covers markup and markdown calculations, including finding selling price, cost, and percentage changes, suitable for Grade 9 Math students.
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Markup and Markdown Worksheet
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Date:
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Read each question carefully and show all your work. Round all answers to two decimal places where necessary.
1. A store buys a shirt for $20 and sells it for $30. What is the markup percentage?
25%
33.33%
50%
100%
2. An item originally priced at $80 is marked down by 20%. What is the new selling price?
$16
$60
$64
$96
3. The difference between the cost price and the selling price is called the .
4. When a store reduces the price of an item, it is called a .
5. If an item costs $50 and has a markup of 40%, the selling price is .
6. A television has a cost price of $400. The store applies a 35% markup. Calculate the selling price of the television.
7. A pair of shoes is on sale for $75 after a 25% markdown. What was the original price of the shoes?
8. Markup is always calculated based on the selling price.
True
False
9. A markdown always results in a lower selling price.
True
False
10. A bicycle shop buys bicycles for $150 each. They want to sell them at a price that gives them a 60% markup on the cost. During a clearance sale, they offer a 20% markdown on the selling price. a) What is the regular selling price of a bicycle? b) What is the sale price of a bicycle?