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MARK-UP AND MARKDOWN

tabular method of finding the mark - up on cost and on selling price.

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MARK-UP AND MARKDOWN

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  1. MARK – ON, MARK – UP AND MARKDOWN

  2. Cost + Mark-up = Selling Price Mark-up = Selling Price – Cost Cost = Selling Price – Mark-up

  3. MARK-UP ON COST Cost + Mark-up = Selling Price Cost = 100%

  4. Duke’s photography pays $9 for a portrait. If it was sold for $15, what is the rate of mark-up based on cost?

  5. Lander buys tea for $4 a box and sells it in their store for $12. Find the rate of mark-up based on cost.

  6. Find the cost of a pair of shoes that has been marked up $25 and has a mark-up rate of 50%.

  7. What is the selling price for a CD which costs the retailer $8.00 and is marked up 60% based on cost?

  8. MARK-UP ON SELLING PRICE Cost + Mark-up = Selling Price Selling Price = 100%

  9. A calculator costs $5 and sells for $10. Find the rate of mark-up based on the selling price.

  10. Find the cost of a souvenir item with a mark-up $14 and a rate of 35% based on selling price.

  11. A pair of socks which has been marked up $3 and with a mark-up rate of 60% based on selling price.

  12. MARKDOWN Reduced price = Original price - Markdown Original price = 100%

  13. A lamp originally sold for $36 and is marked down to sell for $30. Find the markdown and rate of markdown.

  14. Given an original price of $240 and a markdown of $96, what is the rate of markdown and the reduced price?

  15. SHORT QUIZ # 5

  16. Find the cost and markup of a bicycle tire which sells for $180 and is marked up 50% of the cost.

  17. A store buys $12 a pair for customized boxes and sells them at a 40% markup based on cost.

  18. What is the selling price for a set of earphones which cost the $12.00 and is marked up 150% based on cost?

  19. Find the amount of mark-up for a box of chocolate that costs $8 with a mark-up rate 75% on the selling price.

  20. Find the selling price for a pair of jeans which costs the retailer $28 at 30% mark – up on selling price.

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