SAMPLE PROBLEMS:
MARKUP
1. A clothing store bought a jacket for ₱1,500 and marked it up by 20% of the
cost. How much is the markup? What is the selling price of the jacket?
2. A shoe store bought a pair of sneakers for ₱2,500. The store owner wants to
sell it at a 35% markup based on the selling price. How much is the markup?
What will be the selling price of the sneakers?
3. A bakery purchases ingredients for ₱1,600 to make a cake. If the bakery
marks it up by 40%, how much will they sell it for?
MARKON
4. A bag costs ₱1,500. The store applied a 30% mark-on based on the selling
price. How much is the mark-on? What is the selling price?
5. A furniture store sold a table for ₱9,000 with a mark-on of 25%. How much is
the mark-on? What was the original cost of the table?
6. A shoe store purchased sneakers for ₱1,400 per pair. If the store wants a
20% mark-on, how much should they add to the cost to get the selling price?
MARKDOWN
7. A dress originally priced at ₱2,800 was marked down by 25% during a sale.
How much is the markdown? What is the new selling price?
8. A store wants to clear old stocks by reducing the price of a watch from
₱5,000 to ₱4,200. How much is the markdown? What is the markdown rate?
9. A furniture shop marked down a dining table from ₱10,000 to ₱8,600. What is
the percentage of the markdown?