Retail Buying Math Practice – Mark Up

1. An item cost a retailer $62.12. If it sold for $125.00, what was the markup percentage?

Retail Price = Cost $ + IMU $

$125:$62.12 +
$125:$62.12 $62.88 +

$62.88/$123 =
503 or 50.3%

2. An item retails for $150.00. If it cost the store $71.25, what was the markup percentage?
$150:$71.25 +

$150 $71.25 $78.75

= +

$78.75/$158:0.525 or 32.5%

3. At the beginning of the season, a buyer’s inventory of socks had a total retail value of $5,600.
The socks had cost $2,750. What is the cumulative markup percentage for these socks at the
beginning of the season?
$5,600 $2,750
= +

$5,600 $2,750 $2,858

+
=

$2,850/$5,600 0.5089 =

or 50.9%

4. At the beginning of the season, a buyer purchased 700 scarves for $8,000. A retail price of
$20.00 was placed on each scarf. What is the cumulative markup percentage for the scarves at
the beginning of the season?

$20 x700 $14,000 =

$14,000 $8,000
=

$14,000 $8,000 $6,000

=
+

$6,000/$14,800 0.4285
=

or 42.9%
 5. At the beginning of the season, a buyer’s inventory of white t-shirts had the following values:
Total Cost: $5,400 $3,880 $8,488
+
=

608x$12 $7,288
:

Total Retail: $10,000 $7,200 $17,208

+
=

The following purchase was added to inventory—600 T-shirts costing $3,000. A $12.00 retail
price was placed on the T-shirts. What is the cumulative markup percentage to date?

$17,200 $8,480+
=

$17,200 $8,400 $8,888

+
=

$8,800/$17,200 0.5116
= or 51.2%

6. Beginning inventory for a department is $59,345 at cost and $120,500 at retail. New purchases
have been received with a cost of $8,456 and a retail value of $26,112. What is the cumulative
markup percentage to date?
88st retail
$146,612 $67,801 +
=

$59,345 $120,580
146,612 $67,801 $78,811
↓ I
$ : +

$8,456 $26,112
$78,811/$146, 612:0.5375 or 53.8% $67,801 $146,612

7. At the beginning of the season, a buyer’s inventory of sweat shirts had the following values:
Total Cost: $2,433
$2,800$2,1003303$15,
-

t
Total Retail: $4,500
Two new purchases have just arrived. 100 sweatshirts costing $25 each will be added to
inventory and retail at $55 each. 100 sweatshirts costing $21 each will be added to inventory
and retail at $55 each. What is the cumulative markup percentage to date?

$13,580 $7,833 +
=

$15,500 $7,033 48,467

=
+

54.6%
$8,467/$15,588:0.5462 or
8. At the beginning of the season, a buyer’s inventory of tank tops had the following values:
Total Cost: $765 + $564 $1,958 $3,279
=

Total Retail: $1,750 $1,000 $4,800 $6,758

=

+
+

Three new purchases have just arrived. Fifty tank tops costing $564 will be retailed at $20. One
hundred tank tops costing $1,020 will also be added to inventory at a retail price of $20. Finally,
200 tank tops costing $1,950 will be added to inventory at a retail price of $20. What is the
cumulative markup percentage to date?

$6,738 $3,279
=
+

$6,758 $3,279 $3,471

+

51.4%
$3,471/ $6,750 =

0.5142 or