Calculating Markups and Markdowns
Grade 12th Grade · Math · 45 min
What's Included
Learning Objective
I can calculate the final price of an item after percent markups and markdowns.
Warm-Up Video
Joshua Emmanuel · 5:44
Markup = Selling Price - Cost (with solved problems)
Guided Notes
3 key concepts
- 1
Markup is the difference between the selling price and the cost of an item, calculated as Selling Price – Cost.
- 2
The rate of markup based on cost (RC) is calculated as Markup divided by Cost, while the rate of markup based on selling price (RS) is calculated as Markup divided by Selling Price.
- 3
If an item costs $70 and the rate of markup based on selling price is 60%, the selling price can be calculated using the formula S = Cost + Markup, resulting in a selling price of $175 and a markup of $105.
Practice Questions
10 questions · Short answer
Exit Ticket
Quick comprehension check
“A phone costs a store $300. If they mark it up 25% of the cost, what is the selling price?”
Complete Lesson Package
Get all 3 ready-to-use resources:
