Markup percent on cost practice problems

Marketing Unit 8. Try each one, then open the worked solution. The Credit Sprint app generates unlimited new versions with fresh numbers.

Problem 1.

An item costs $80 and sells for $140. What is the markup percentage based on COST?

Show solution

Markup = 140 − 80 = 60. Markup % on cost = 60 ÷ 80 × 100 = 75%.

Problem 2.

An item costs $70 and sells for $120. What is the markup percentage based on COST?

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Markup = 120 − 70 = 50. Markup % on cost = 50 ÷ 70 × 100 = 71.43%.

Problem 3.

An item costs $30 and sells for $100. What is the markup percentage based on COST?

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Markup = 100 − 30 = 70. Markup % on cost = 70 ÷ 30 × 100 = 233.33%.

Problem 4.

An item costs $140 and sells for $200. What is the markup percentage based on COST?

Show solution

Markup = 200 − 140 = 60. Markup % on cost = 60 ÷ 140 × 100 = 42.86%.

Problem 5.

An item costs $80 and sells for $150. What is the markup percentage based on COST?

Show solution

Markup = 150 − 80 = 70. Markup % on cost = 70 ÷ 80 × 100 = 87.5%.

Problem 6.

An item costs $130 and sells for $150. What is the markup percentage based on COST?

Show solution

Markup = 150 − 130 = 20. Markup % on cost = 20 ÷ 130 × 100 = 15.38%.