Worksheet on Discount and Markup 

In the last topic, i.e., understanding discount and markup, we learnt about markup and discount percentages and how to calculate the selling price when discount and markup are given. Here, you will have to solve some problems based on the concept of markup and discount. But before you need to keep the following formulae in your mind in order to solve problems based upon the concept of discount and markup:


1. Markup = markup percent x cost/store price

2. Selling price = markup price + cost/store price

3. Discount amount = discount percent x cost/store price

4. Selling price = cost/store price – discount amount


Now, based upon the above given formulae try to solve the following problems:

1. The store piece of a t-shirt is $50. If the markup set by the store is 30%. Calculate the markup price set by the store on the t-shirt.

2. The store price of an electronic gadget is $100. If the markup percent set by the store is 45%. Calculate the markup price set by the store on the electronic gadget.

3. The cost price of a certain object is Rs1,500. The markup percent set by the shopkeeper is 50%. Calculate the markup price and selling price of the object.

4. The cost price of a video player is $250. The markup percent set by the store is 30%. Calculate the markup price set by the store on the video player. Also, find the selling price of the video player.

5. If the selling price of a certain instrument is $300. If the markup set by the store was 20%. Then calculate the cost price of the instrument. Also, find the markup price for the instrument.

6. The store price of a jeans is $50. If the discount given by the store is 45%, calculate the discount amount offered by the store on the jeans.

7. The cost price of a mixer grinder kept in a sale is Rs3,000. If the discount offered on the grinder is 30%. Calculate the discount price that is offered on the grinder.

8. The store price of an object is $35. If the discount offered by the store is 25%. Calculate the discount amount and selling price of the object.

9. The cost price of an instrument is $350. If the discount offered by the shopkeeper is 65%. Calculate the discount amount and selling price of the instrument.

10. The selling price of a t-shirt is $95. If the discount offered by the store was 45%. Calculate the cost price of the t-shirt. Also, find the discount amount offered by the store.

11. The cost price of a music player is $150. If the owner of the store thinks to keep a markup of 45% and gives a discount of 20% of the cost price (excl. markup) of the player. Then calculate the selling price of the music player.

12. Solve the above problem if the owner decides to offer the same discount percent on the music player if the discount is kept on the cost price including the markup price. In which case the discount offered is more and by how much?



Solutions:


1. $15

2. $45

3. Markup = Rs750

Selling price = Rs2,250


4. Markup = $75

Selling price = $325


5. Cost price = $250

Markup = $50


6. $22.5

7. Rs 900

8. Discount = $8.75

Selling price = $26.25


9. Discount = $227.5

Selling price = $122.5


10. Discount = $42.75

Selling price = $52.25


11. Selling price = $187.5

12. Selling price = $174

Discount offered in case 2 is higher than that offered in case 1 and the difference between the discounts is $13.5. 

Profit and Loss

Cost Price, Selling Price and Rates of Profit and Loss

Problems on Cost Price, Selling Price and Rates of Profit and Loss

Understanding Overheads Expenses

Worksheet on Cost Price, Selling Price and Rates of Profit and Loss

Understanding Discount and Mark Up

Successive Discount

Worksheet on Discount and Markup

Worksheet on the application of overhead Expenses

Worksheet on Successive Discounts






9th Grade Math

From Worksheet on Discount and Markup to HOME PAGE




Didn't find what you were looking for? Or want to know more information about Math Only Math. Use this Google Search to find what you need.



New! Comments

Have your say about what you just read! Leave me a comment in the box below. Ask a Question or Answer a Question.




Share this page: What’s this?

Recent Articles

  1. Vertical Subtraction | Examples | Word Problems| Video |Column Method

    Mar 22, 25 05:20 PM

    Vertical Subtraction
    Vertical subtraction of 1-digit number are done by arranging the numbers column wise i.e., one number under the other number. How to subtract 1-digit number vertically?

    Read More

  2. Worksheet on 11 Times Table | Printable Multiplication Table | Video

    Mar 22, 25 05:08 PM

    worksheet on multiplication of 11 times table
    Worksheet on 11 times table can be printed out. Homeschoolers can also use these multiplication table sheets to practice at home.

    Read More

  3. Worksheet on 10 Times Table | Printable Multiplication Table | Video

    Mar 21, 25 03:46 PM

    worksheet on multiplication of 10 times table
    Worksheet on 10 times table can be printed out. Homeschoolers can also use these multiplication table sheets to practice at home.

    Read More

  4. 5th Grade Prime and Composite Numbers | Definitions | Examples | Math

    Mar 21, 25 12:18 AM

    5th grade prime and composite numbers

    Read More

  5. 14 Times Table | Read and Write Multiplication Table of 14| Video

    Mar 20, 25 04:03 PM

    14 Times Table
    In 14 times table we will learn how to read and write multiplication table of 14. We read fourteen times table as:One time fourteen is 14 Two times fourteen are 28 Three times fourteen are 42

    Read More