Worksheet 5 - Buying and Selling

Answer the following:

1. Find the markup rate on the selling price of an item that is equivalent to a 10% markup
on cost.

2. Find the markup rate on the cost of an item that is equivalent to a 33% markup on the
selling price.

3. Find the markup on the cost of an item that is equivalent to a 45% markup on the selling
price.
4. If a pair of men’s socks sells for P60 and there is a 30% markup on the selling price, find
the amount of the markup and the cost.

5. If a baking pan sells for P650 and there is a 45% markup on the selling price, find the
amount of the markup and the cost.