Markup & Markdown: Calculation & Examples


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question 1 of 3

The retail price of a toothbrush is $40. What is the price after a markdown of 30 percent?

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1. The cost to manufacture a hair clip is $0.50. With a markup of 200 percent, what is the selling price of this hair clip?

2. The cost of an item is $55.56. Choose the value that produces a markdown.

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About This Quiz & Worksheet

The quiz is a series of math problems. In each, you will be given a markdown or markup for a given product. Then, you'll identify the final price.

Quiz & Worksheet Goals

The quiz will test you on the following ideas:

  • Markup
  • Markdown
  • Selling price
  • Retail price

Skills Practiced

The quiz will help you practice the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related business math lesson
  • Problem solving - use acquired knowledge to solve markup and markdown practice problems
  • Information recall - access the knowledge you've gained selling and retail pricing

Additional Learning

Once you finish the quiz, peruse the corresponding lesson, Markup & Markdown: Calculation & Examples, to learn more about this topic. The lesson covers these objectives:

  • Define markups
  • Understand markdowns
  • Explore how to calculate markups
  • Clarify how to calculate markdowns