Markup and Discount Worksheet, Exercises of Banking and Finance

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Name: Date: Per: MARK UP AND DISCOUNT WORKSHEET, Clearly show all of your work. You may use this paper or a separate paper. If you show work on a separate paper, please staple to this sheet. 1. A basketball backboard set that sold for $79 is discounted 15%. What is the sale price? 2. A parka that sold for $65 is marked up to $70.20. What is the percent of markup? 3. A shoe store marks up its merchandise by 8%. What was the selling price of a pair of shoes whose wholesale price is $24.50? 4. A grocery store has a 60% markup on a can of soup. The can of soup costs the store $1.50. What is the selling price for the can of soup? 5. Mr. Quick bought a new computer system. The regular price was $1580, but he got a 15% discount. How much did he pay? 6. The regular price of a Space Invader game is $52, but it is on sale. The discount is $13. What percent discount is this?