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Markup and Markdown Practice

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Markup and Markdown Practice

Find each new price. For a markup, add the increase to the original price. For a markdown, subtract the discount. Choose one answer for each question.

Markup: Find the New Price

1.A bookstore pays $32 for a backpack and adds a 25% markup. What is the backpack’s selling price?
  • $36
  • $40
  • $42
  • $48
2.A craft kit costs a shop $18. The shop marks it up by 50%. What price should appear on the tag?
  • $24
  • $27
  • $30
  • $36
3.A shop buys a desk lamp for $64 and uses a 15% markup. What is its selling price?
  • $70.40
  • $72.60
  • $73.60
  • $79.00
4.A sports store pays $125 for a basketball hoop. After a 32% markup, what is the selling price?
  • $157
  • $160
  • $165
  • $172

Markdown: Find the Sale Price

5.A jacket priced at $80 is discounted by 25%. What is the sale price before tax?
  • $55
  • $60
  • $65
  • $75
6.A board game originally costs $48. It is marked down by 12.5%. What is the sale price?
  • $40
  • $42
  • $42.50
  • $44
7.A tablet listed for $520 is on sale for 20% off. How much does it cost before tax?
  • $400
  • $416
  • $420
  • $440
8.A customer pays $51 for a pair of shoes after a 15% markdown. What was the original price?
  • $58
  • $60
  • $65
  • $66

Price Changes in Everyday Situations

9.A small business pays $75 for a coat and sets its price with a 60% markup. What is the marked price?
  • $105
  • $115
  • $120
  • $135
10.A $250 concert ticket package is offered at 30% off. What is the discounted price?
  • $150
  • $175
  • $180
  • $200
11.A dining chair sells for $92 after a 15% markup. What was the chair’s cost before the markup?
  • $78
  • $80
  • $82
  • $86

2 printable pages

  • Markup practice: calculate selling prices from store costs and percentage increases.

    Page 1

  • Markdown practice and everyday price problems: calculate sale prices, original prices, and marked prices.

    Page 2

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