Markup

Front

What is markup?

Back

Markup is the amount added to the cost price of a product to determine its selling price.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the selling price using markup?

Back

Selling Price = Cost Price + (Cost Price × Markup Percentage)

Tags

CCSS.6.RP.A.3C

Front

If a product costs $10 and has a markup of 50%, what is the selling price?

Back

Selling Price = $10 + ($10 × 0.50) = $15

Tags

CCSS.6.RP.A.3C

Front

What is a 100% markup on a product that costs $20?

Back

Selling Price = $20 + ($20 × 1.00) = $40

Tags

CCSS.6.RP.A.3C

Front

If a store marks up a product by 25%, how much is added to a $40 item?

Back

Amount added = $40 × 0.25 = $10; Selling Price = $40 + $10 = $50

Tags

CCSS.6.RP.A.3C

Front

What is the formula to find the markup percentage?

Back

Markup Percentage = (Selling Price - Cost Price) / Cost Price × 100%.

Tags

CCSS.6.RP.A.3C

Front

If a store sells a bag of candy for $2.40 and it cost $1.50, what is the markup percentage?

Back

Markup Percentage = (($2.40 - $1.50) / $1.50) × 100% = 60%.

Tags

CCSS.6.RP.A.3C

Front

A store pays $32.00 for a video game and marks it up by 75%. What is the selling price?

Back

Selling Price = $32.00 + ($32.00 × 0.75) = $56.00.

Tags

CCSS.6.RP.A.3C

Front

What is the selling price of a product that costs $25 with a 40% markup?

Back

Selling Price = $25 + ($25 × 0.40) = $35.00.

Tags

CCSS.6.RP.A.3C

Front

If a product costs $1.25 and has a 20% markup, what is the selling price?

Back

Selling Price = $1.25 + ($1.25 × 0.20) = $1.50.

Tags

CCSS.6.RP.A.3C