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Marketing I 1. If you use a 50% (Mr. Breitsprecher's Business Ed Home Page)

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©Mr. Breitsprecher & BreitLinks (www.breitlinks.com) All Rights Reserved Unit 3 Review: Functions of Marketing, page 1
Marketing I
Markup/Markdown Practice Name: _______________________________
Pricing (Note: Round up to the nearest whole penny – please do not round down):
Mark-up (Cost plus) = Cost × (1 + Markup) NOTE: You must convert markup from
percentage to decimal (divide by 100 or move decimal 2 places LEFT)
Mark-down = Retail x (1-Markdown) NOTE: You must convert markdown from percentage to
decimal (divide by 100 or move decimal 2 places LEFT)
1. If you use a 50% mark-up, what will be the selling price of an item that costs you $25?
2. If you use a 75% mark-up, what will be the selling price of an item that costs you $35?
3. If an item currently sells for $75, what will its selling price be if it is marked-down 25%?
4. If an item currently sells for $10, what will its selling price be if it is marked-down 20%?
5. If you use cost-plus pricing, adding 45% to your cost, what is the selling price of an item that costs
you $20?
6. If you use cost-plus pricing, adding 60% to your cost, what is the selling price of an item that costs
you $15?
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Completed 15 December 2020

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