Markup and Markdown Problems

A sign says that the price marked on all music equipment is 30% off the original price. You buy a guitar for the sale price of $315. What is the original price of the guitar?

• $450

• $425

• $400

• $475

• $500

You have a coupon for an additional 25% off the price of any sale item at a store. The store has put a robotics kit on sale for 15% off the original price of $40. What is the price of the robotics kit after both discounts? Fill in the blank to answer the question: The price of the robotics kit after both discounts is $________.

The cost of a New York Yankee baseball cap is $24.00. The local sporting goods store sells it for $30.00. Find the markup rate.

• 25%

• 125%

• 20%

• 30%

• 40%

Which equation below can determine the selling price in dollars, p, on an item that was originally priced s dollars after a markdown of 15%?

• p = 0.85s

• p = 1.85s

• s = 0.85p

• p = s

An item that costs $50 is marked 20% off. Sales tax for the item is 8%. What is the final price, including tax?

• $43.20

• $45.00

• $33.20

• $68.15

A ski shop has a markup rate of 50%. Find the selling price of skis that cost the storeowner $300. Fill in the blank to answer the question: The selling price is $_______.

An electronic store bought a program at a cost of $10 and sold it at a selling price of $13. Find the percent markup.

• 3%

• 30%

• 300%

• 10%

A music store bought a CD set at a cost of $20. When the store sold the CD set, the percent markup was 40%. Find the selling price.

• $28

• $8

• $22

• $30

A store advertises a 20% markdown on a dishwasher with a selling price of $952. Find the sale price.

• $761.60

• $714.00

• $861.50

• $1,142.40

• $190.40

Ky'Juane found an item for $22 with a 5% sales tax. How much will Ky'Juane pay for this item at the register? Fill in the blank to answer the question: Ky'Juane will pay a total of $________ for the item.