**Calculating Markups and Markdowns worksheet :**

Worksheet on calculating markups and markdowns is much useful to the students who would like to practice problems on profit and loss.

1. To make a profit, stores mark up the prices on the items they sell. A sports store buys skateboards from a supplier for s dollars. What is the retail price for skateboards that the manager buys for $35 and $56 after a 42% markup ?

2. A discount store marks down all of its holiday merchandise by 20% off the regular selling price. Find the discounted price of decorations that regularly sell for $16 and $23.

3. A computer store used a markup rate of 40%. Find the selling price of a computer game that cost the retailer $25.

4. A golf store pays its wholesaler $40 for a certain club, and then sells it to a golfer for $75. What is the markup rate ?

5. A store uses a 40% markup on cost. Find the cost of a pair of shoes that sells for $63.

6. A trader marks his goods 20% above the cost price and allows a discount of 10% for cash. Find the mark up rate.

7. A person wants to get 20% mark up rate after selling his object at 20% discount. Find the required percentage increase in marked price.

8. A product that regularly sells for $425 is marked down to $318.75. What is the discount rate ?

9. A product is marked down 15%; the sale price is $127.46. What was the original price ?

10. A product is originally priced at $55 is marked 25% off. What is the sale price ?

**Problem 1 : **

To make a profit, stores mark up the prices on the items they sell. A sports store buys skateboards from a supplier for s dollars. What is the retail price for skateboards that the manager buys for $35 and $56 after a 42% markup ?

**Solution : **

**Step 1 : **

Use a bar model.

Draw a bar for the cost of the skateboard S.

Then draw a bar that shows the markup: 42% of S, or 0.42S.

These bars together represent the cost plus the markup.

That is

S + 0.42S

**Step 2 :**

Retail price = Original cost + Markup

= S + 0.42S

= 1S + 0.42S

= 1.42S

**Step 3 : **

Use the expression to find the retail price of each skateboard.

S = $35 ----> Retail price = 1.42($35) = $49.70

S = $56 ----> Retail price = 1.42($56) = $79.52

Let us look at the next example on "Calculating markups and markdowns worksheet".

**Problem 2 : **

A discount store marks down all of its holiday merchandise by 20% off the regular selling price. Find the discounted price of decorations that regularly sell for $16 and $23.

**Solution : **

**Step 1 : **

Use a bar model.

Draw a bar for the regular price P.

Then draw a bar that shows the discount: 20% of P, or 0.2P.

The difference between these two bars represents the price minus the discount.

That is,

P - 0.2P

**Step 2 :**

Sale price = Original price - Markdown

= p - 0.2p

= 1p - 0.2p

= 0.8p

**Step 3 :**

Use the expression to find the sale price of each decoration.

p = $16 ---> Sale price = 0.8($16) = $12.80

p = $23 ---> Sale price = 0.8($23) = $18.40

Let us look at the next example on "Calculating markups and markdowns worksheet".

**Problem 3 : **

A computer store used a markup rate of 40%. Find the selling price of a computer game that cost the retailer $25.

**Solution : **

Selling price (S.P) = (100+M)% x C.P

Here, M = 40, C.P = $25

Then, S.P = (100 + 40)% x 25

S.P = 140% x 25

S.P = 1.4 x 25 = $35

Hence, the selling price is $35.

Let us look at the next example on "Calculating markups and markdowns worksheet".

**Problem 4 : **

A golf store pays its wholesaler $40 for a certain club, and then sells it to a golfer for $75. What is the markup rate?

**Solution : **

Cost price (C.P) = $ 40

Selling price (S.P) = $ 75

Mark up value = 75 - 40 = $ 35

Mark up rate = (35/40)x100 % = 87.5 %

Hence, the mark up rate is 87.5 %

Let us look at the next example on "Calculating markups and markdowns worksheet".

**Problem 5 : **

A store uses a 40% markup on cost. Find the cost of a pair of shoes that sells for $63.

**Solution : **

Selling price (S.P) = (100+M)% x C.P ---------(1)

Here, S.P = $ 63, M = 40

Plugging the above values in (1)

(1)-----------> 63 = (100+40)% x C.P

63 = 140% x C.P ---------> 63 = 1.4 x C.P

63/1.4 = C.P ---------> 45 = C.P

Hence, the cost of a pair of shoes is $ 45.

Let us look at the next example on "Calculating markups and markdowns worksheet".

**Problem 6 :**

A trader marks his goods 20% above the cost price and allows a discount of 10% for cash. Find the mark up rate.

**Solution :**

Let the cost price be $100.

Then, marked price (M.P) = $120

Let the selling price be "X"

From the above picture, we get

90% of (M.P) = X

(0.9).120 = X

108 = X --------> S.P = 108

Cost price = $100, Selling Price = $108 ------> Mark up rate = 8 %

Hence, the mark up rate is 8%.

Let us look at the next example on "Calculating markups and markdowns worksheet".

**Problem 7 :**

A person wants to get 20% mark up rate after selling his object at 20% discount. Find the required percentage increase in marked price.

**Solution :**

Let the cost price be $100.

Then, the selling price = $120

Let the marked price be "X"

From the above picture, we get

80% of (M.P) = S.P

(0.8)X = 120

X = 150 --------> M.P = 150

Cost price = $100, Marked Price = $150

Hence, the required percentage increase = 50%.

Let us look at the next example on "Calculating markups and markdowns worksheet".

**Problem 8 : **

A product that regularly sells for $425 is marked down to $318.75. What is the discount rate?

**Solution : **

Regular price = $ 425

Marked down price = $ 318.75

Marked down value = 425 - 318.75 = 106.25

Marked down rate = (106.25 / 425) x 100 %

Marked down rate = 25 %

Hence, the marked down rate is 25 %

Let us look at the next example on "Calculating markups and markdowns worksheet".

**Problem 9 : **

A product is marked down 15%; the sale price is $127.46. What was the original price?

**Solution : **

Selling price (S.P) = (100 - M)% x Original price ---------(1)

Here, S.P = 127.46, M = 15

Plugging the above values in (1), we get

127.46 = (100 - 15) x Original price

127.46 = 85% x Original price

127.46 = 0.85 x Original price

127.46 / 0.85 = Original price

149.95 = Original price

Hence, the original price is $ 149.95.

Let us look at the next example on "Calculating markups and markdowns worksheet".

**Problem 10 : **

A product is originally priced at $55 is marked 25% off. What is the sale price?

**Solution : **

Selling price (S.P) = (100 - M)% x L.P ---------(1)

Here, L.P = $ 55, M = 25

Plugging the above values in (1)

(1)-----------> S.P = (100 - 25)% x 55

S.P = 75% x 55 ---------> S.P = 0.75 x 55

S.P = 41.25

Hence, the selling price is $ 41.25

After having gone through the stuff given above, we hope that the students would have understood "Calculating markups and markdowns worksheet".

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