Markups worksheet
- 1. Custom Resources File, markupsworksheet-200911080030 Consumer Math Unit 5: Retail Markup Costs Name: _________________________________________Date: _______________________ 1. Fill in the answer to the question below. Cost of Goods Markup Retail Sales Price Profit $14 6% 8% $50 $60 18% $150 10% 7% $298 $359 9% $400 8% 5% $623 $1,000 2% $25,323 5% 2. Cost and markup on cost for each item is given. Find the retail price. Computer cost = $ 800 markup = 35% retail price = ___________ Refrigerator cost = $1100 markup = 28% retail price = ___________ Coat cost = $55 markup = 100% retail price = ___________ 3. Retail price and markup on retail for each item is given. What is the cost for each item? Table retail = $650 markup = 45% cost = ________________ Boots retail = $220 markup = 40% cost = ________________ Desk retail = $1000 markup = 50% cost = ________________ 4. Cost and markup on retail is given for the following items. Find the retail price. Shoes cost = $45 markup = 38% retail price = ___________ TV cost = $180 markup = 60% retail price = ___________ Lamp cost = $95 markup = 30% retail price = ___________
- 2. Custom Resources File, markupsworksheet-200911080030 5. Abby Matthew, store manager for Sears, does not know how to price a refrigerator that costs $900. Abby knows her boss wants a 40% markup on cost. What should the price of the refrigerator be? 6. Boeing plans to increase its prices for Jetliners. With a selling price of $201.5 million and a cost of $190.1 million, what was the approximate percent markup based on cost? 7. A Honda Element with a dealer invoice price of $19,700 was retail priced at $23,000. How much is the approximate percent markup based on selling price? 8. A Hummer four-door costs the dealer $57, 915. The dealer has a 12.3% markup. What is the selling price of the vehicle? 9. An employee is to mark up a piece of jewelry 120%. If a necklace costs $100, what should its selling price be? 10. A computer software retailer used a markup rate of 40%. Find the selling price of a computer game that cost the retailer $25.