Business Math Lab

Markup and Markdown Worksheet with Answers

Written by Ivan Daniel · Published · How we check the math

Twelve practice problems on markup, markdown and breakeven prices, with an answer key at the end. Print it, or choose “Save as PDF” in the print dialog to keep a PDF copy. Free to use in class or at home; no sign-up.

The answer key prints on a separate page, so you can hand out the problems alone.

Markup and markdown: practice

Show your work. Read the base of each percent: “on cost” and “on selling price” are different. Keep interim values exact and round money to the nearest cent only in your final answer. Write rates as percents.

  1. Basic A florist buys a vase for $25 and sells it for $40. Find the markup, the markup on cost and the markup on selling price.

  2. Basic A bike shop pays $72.50 for a helmet and adds a markup of $27.40. What is the selling price?

  3. Basic A bakery supplier pays $64 for a mixer attachment and marks it up 45% on cost. Find the selling price.

  4. Intermediate A shoe store pays $150 for a pair of boots and wants a markup of 25% of the selling price. Find the selling price.

  5. Intermediate A desk sells for $175 after a markup of 40% on cost. Find the cost.

  6. Intermediate A backpack sells for $64. The markup is 25% of the selling price. Find the cost.

  7. Intermediate A store's markup is 25% of the selling price. What is that as a percent of cost?

  8. Intermediate A tablet case is reduced from $120 to $93. Find the markdown percent.

  9. Intermediate A monitor priced at $249.99 is marked down 15%. Find the sale price.

  10. Intermediate A sweater sells for $47.60 after a 15% markdown. What was its original price?

  11. Exam-style A $300 sofa is marked down 25%, then 20%, then 10%. Find the final price and the single equivalent markdown.

  12. Exam-style A jacket costs $55 and has an original price of $120. Operating expenses are 20% of the original price and the store wants an $11 profit. Find the lowest acceptable price and the largest markdown percent.

Answer key

  1. Markup $15.00; 60% of cost; 37.5% of selling price.
  2. $72.50 + $27.40 = $99.90.
  3. Markup $28.80; selling price $92.80.
  4. $150.00 ÷ 0.75 = $200.00; markup $50.00.
  5. $175.00 ÷ 1.4 = $125.00; markup $50.00.
  6. Markup $16.00; cost $64.00 − $16.00 = $48.00.
  7. 0.25 ÷ 0.75 ≈ 33.3333% of cost.
  8. Markdown $27.00; $27.00 ÷ $120.00 = 22.5%.
  9. Markdown $249.99 × 0.15 = $37.4985, rounded to $37.50; sale price $212.49.
  10. $47.60 ÷ 0.85 = $56.00; the markdown was $8.40.
  11. Net factor 0.54; final price $162.00; single equivalent markdown 46%; total markdown $138.00.
  12. Operating expenses $24.00; breakeven price $79.00; lowest acceptable price $90.00; maximum markdown $30.00, which is 25%.

Answers follow the rounding rule above. A percent that does not end is rounded to four decimal places.

Business Math Lab, Markup and Markdown Worksheet with Answers (https://businessmathlab.com/business-math/markup-markdown-worksheet). Original practice problems.

Stuck on a problem?