Accounting Work sheet

Grade 11

Marke-up and Margin problems

1. Example: If the sale price of a dress is Rs. 500 and the exact cost of the dress are Rs. 150.
Calculate markup percentage.

2. A shopkeeper is using a 40% markup rate on software for computers if the cost price of a game
is Rs.2000. Calculate the selling price of a game?

3. If the cost of an item is $72 and it has a retail price of $89, what is the margin? Please round
your answer to the nearest tenth of a percent

4. For the same example as (1), what is the markup if the price is $89 and the cost is $72? Please
round your answer to the nearest tenth of a percent

5. Bev Smith makes hand-braided mats, at a cost of $40 per mat, to sell at local craft shows. She
has 30 mats on hand for the next show, and expects to sell them all for a total of $1,800. What is
Bev’s markup per mat in dollar and percentage terms?

6. A convenience store buys 1-gallon jugs of milk for $2.99 and sells them for $4.29. What is the
margin they earn on the milk? Please round your answer to the nearest tenth of a percent.