Markup and Markdown

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Show your work for each problem.

1.
A store marks up an item that cost 50 dollars by 20%. Which calculation gives the selling price?
1. a) $50 + 0.20$
2. b) $50 \times 1.20$
3. c) $50 \times 0.20$
4. d) $50 \times 0.80$
2.
An item is 30% off. What percent of the original price do you pay?
1. a) $130\%$
2. b) $70\%$
3. c) $30\%$
4. d) $3\%$
3.
A price gets 20% off and then another 25% off the new price. What single discount is this the same as?
1. a) $35\%$
2. b) $50\%$
3. c) $40\%$
4. d) $45\%$
4.
A shop buys a lamp for 40 dollars and sells it for 50 dollars. What is the percent of markup?
1. a) $25\%$
2. b) $20\%$
3. c) $80\%$
4. d) $10\%$
5.
A price is marked up 25% and then marked down 25%. How does the final price compare with the starting price?
1. a)6.25% lower
2. b)The same as the start
3. c)25% lower
4. d)6.25% higher
6.
A store buys headphones for 60 dollars and marks them up 40%. What is the selling price in dollars?
7.
A coat costs 120 dollars and is 25% off. What is the sale price in dollars?
8.
A shirt that normally costs 32 dollars is on sale for 24 dollars. What is the percent of markdown? (Enter the number without the % sign.)
9.
After a 20% discount, a video game costs 36 dollars. What was the original price in dollars?
10.
A phone case costs a shop 15 dollars. The shop marks it up 60%, and later sells it at 25% off. What is the final price in dollars?
11.
Sneakers cost a store 50 dollars. The store adds a 30% markup. Find the selling price.
12.
A jacket costs 70 dollars and is marked down 20%. Find the sale price.
13.
A bookshop buys a book for 12 dollars and adds a 75% markup. Use a multiplier to find the selling price.
14.
A bike shop buys a bike for 300 dollars and sells it for 420 dollars. Find the percent of markup.
15.
A sofa was 750 dollars and is now on sale for 600 dollars. Find the percent of markdown.
16.
A sale tag says: 40% off, now 54 dollars. Find the original price and how much you save.
17.
A laptop costs 400 dollars. It is 25% off, and a coupon takes an extra 10% off the reduced price. Find the total discount in percent.
18.
A store buys a watch for 80 dollars, marks it up 50%, and later sells it at 30% off. Find the profit as a percent of the cost price.