Markup/Markdown Problem Worksheets

Printable “Percent Word Problem” worksheets:
Percent Word Problems (6th Grade)
Percent Word Problem (7th Grade)
Markup/Markdown Word Problems

Examples, solutions, videos, and worksheets to help grade 7 students learn how to solve markup/markdown word problems.

How to solve markup/markdown word problems?

Solving markup and markdown word problems involves understanding the relationship between the original cost, markup/markdown rate (as a percentage), and the final selling price.

Steps to Solve Markup Problems

1. Identify the Cost Price (CP): This is the original price or the amount paid to purchase the item.
2. Identify the Markup Percentage (M%): This is the percentage by which the cost price is increased to determine the selling price.
3. Calculate the Markup Amount (M):
   𝑀 = 𝑀%/100 × 𝐶𝑃
4. Calculate the Selling Price (SP):
   𝑆𝑃 = 𝐶𝑃 + 𝑀

Steps to Solve Markdown Problems

1. Identify the Original Price (OP): This is the initial selling price before the markdown.
2. Identify the Markdown Percentage (MD%): This is the percentage by which the original price is decreased.
3. Calculate the Markdown Amount (MD):
   𝑀𝐷 = 𝑀𝐷%/100 × 𝑂𝑃
4. Calculate the Sale Price (SP):
   𝑆𝑃 = 𝑂𝑃 − 𝑀𝐷

Have a look at this video if you need to review how to solve markup/markdown word problems.

• Markups and Markdowns

Click on the following worksheet to get a printable pdf document.
Scroll down the page for more Markup/Markdown Problem Worksheets.

 

More Markup/Markdown Problem Worksheets

Printable
(Answers on the second page.)
Markup/Markdown Problem Worksheet #1
Markup/Markdown Problem Worksheet #2
Markup/Markdown Problem Worksheet #3
Markup/Markdown Problem Worksheet #4
Markup/Markdown Problem Worksheet #5

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