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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
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