Converting between markup by cost & markup by selling price
Markdowns
Series of markdowns
100
Selling Price = $36.99; Markup = $12.99. Find the Cost.
What is $24.
100
Cost = $30; Markup = $20. Find the selling price.
What is $50.
100
An item has a 60% markup based on selling price. What is the equivalent percent based on the cost?
What is 150%.
100
An item sells for $48 and is reduced to sell for $30. Find the markdown amount.
What is $18.
100
An item is originally priced to sell for $75 and is marked down 40%. A customer has a coupon for an additional 15%. What is the total percent reduction?
What is 49%.
200
Markup = $70; Rate of markup based on cost = 83%. Find the cost.
What is $84.34.
200
Cost = $60; Selling price = $150. Find the markup.
What is $90.
200
A desk is marked up 30% based on selling price. What is the equivalent markup based on the cost?
What is 43%.
200
Selling price = $850; reduced (new) price = $500. Find the rate of markdown.
What is 41.2%.
200
An item costing $7 was marked up 70% on cost, then marked down 20%, marked up 10%, and finally marked down 20%. What was the final selling price?
What is $8.38.
300
An item costs $20 and sells for $50. Find the rate of markup based on cost.
What is 150%.
300
Cost = $32; selling price = $40. Find the rate of markup based on the selling price.
What is 20%
300
A DVD player is marked up 40% based on cost. What is the markup rate based on selling price?
What is 29%.
300
An item is reduced from $585 to sell for $499. What is the markdown amount and the rate of markdown?
Markdown amount = $186
Rate of markdown = 14.7%
300
Johnson's Furniture bought a table for $262 and marked it up 85% based on the cost. For a special promotion, it was marked down 25%. Store management decided to mark it down an additional 30%. What was the final reduced price?
What is $254.47.
400
An item that sells for $5,950 has a 42% markup based on cost. Find the cost.
What is $4,190.14.
400
Markup rate based on selling price = 15%; markup = $250. Find the selling price.
What is $1,666.67.
400
What is the equivalent markup based on cost of a water fountain that is marked up 63% based on the selling price?
What is 170.3%.
400
Julia purchased a sweatshirt that was reduced from $42 to sell for $26. How much was her markdown? What was the markdown and the rate of markdown?
Markdown = $16
Rate of markdown = 38.1%
400
Burdines' has various sales racks throughout the store. Chloe finds a coat that she would like to purchase from a rack labeled 40% off. She also has a newspaper coupon that reads "Take an additional 10% off any already reduced price." How much will she pay for a coat (net price) that was originally priced at $145?
What is $78.30.
500
An item sells for $85 and is marked up 60% based on the selling price. Find the cost.
What is $34.
500
An item has a 30% markup based on selling price. The markup is $100. Find the selling price.
What is $333.33.
500
Find the amount of markup and the percent of markup based on the selling price if an item costs $40 and sells for $100.
What is
Markup = $60
Percent of markup = 60%
500
Desmond found a bicycle with an original price tag of $349 but it had been reduced by 45%. What is the amount of markdown and the sale price?
Amount of markdown = $157.05
Sale price = $191.95
500
A ladies' suit selling for $135 is marked down 25% for a special promotion. It is later marked down 15% of the sale price. Because the suit still hasn't sold, it is marked down to a price that is 75% off the original selling price. What are the two sale prices of the suit? What is the final selling price of the suit?
1st sale price = $101.25
2nd sale price = $86.06
Final sale price = $33.75