Credit Sprint / Practice problems / Markup percent on selling price

Markup percent on selling price 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.

A pair of headphones costs a retailer $30 and sells for $40. What is the markup percentage based on the SELLING price?

Show solution

Markup = 40 − 30 = 10. Markup % on selling price = 10 ÷ 40 × 100 = 25%.

Problem 2.

A coffee maker costs a retailer $20 and sells for $90. What is the markup percentage based on the SELLING price?

Show solution

Markup = 90 − 20 = 70. Markup % on selling price = 70 ÷ 90 × 100 = 77.78%.

Problem 3.

A bicycle helmet costs a retailer $90 and sells for $180. What is the markup percentage based on the SELLING price?

Show solution

Markup = 180 − 90 = 90. Markup % on selling price = 90 ÷ 180 × 100 = 50%.

Problem 4.

A blender costs a retailer $70 and sells for $160. What is the markup percentage based on the SELLING price?

Show solution

Markup = 160 − 70 = 90. Markup % on selling price = 90 ÷ 160 × 100 = 56.25%.

Problem 5.

A pair of headphones costs a retailer $110 and sells for $180. What is the markup percentage based on the SELLING price?

Show solution

Markup = 180 − 110 = 70. Markup % on selling price = 70 ÷ 180 × 100 = 38.89%.

Problem 6.

A desk lamp costs a retailer $160 and sells for $180. What is the markup percentage based on the SELLING price?

Show solution

Markup = 180 − 160 = 20. Markup % on selling price = 20 ÷ 180 × 100 = 11.11%.