Exercises in Retail Maths: Related to Markup and Margin

 1. Problems Related to Markup and Margin 

Markup and Margin both are the difference between Selling Price and Cost Price

eg. A retailer buys a saree at 100 Rs. and sells it for 150 Rs. what would be the markup. What would be the margin.

Solution:

Markup=150-100 = 50 Rs. 

Margin = 150-100=50 Rs. 

 1. Problems Related to Markup% and Margin%

Markup is calculated on the Cost price and Margin is calculated on the Selling Price

Markup%= $\frac{SellingPrice-CostPrice}{CostPrice}$

Magin%=$\frac{SellingPrice-CostPrice}{SellingPrice}$

for example, in the above case: markup% is defined as

Markup%= $\frac{150-100}{100}$ = 50%

Margin%= $\frac{150-100}{150}$ = 33%

Exercise 1

A retailer buys a pair of shoes for 80 Rs and sells it for 120 Rs. Calculate the Markup, Margin, Markup%, and Margin%.

Exercise 2

A shop owner buys a jacket for 200 Rs and sells it for 260 Rs. Calculate the Markup, Margin, Markup%, and Margin%.

Exercise 3

A book is purchased by a bookstore for 150 Rs and sold for 225 Rs. Calculate the Markup, Margin, Markup%, and Margin%.

Exercise 4

A mobile phone is bought for 5000 Rs and sold for 6500 Rs. Calculate the Markup, Margin, Markup%, and Margin%.

Exercise 5

A laptop is bought for 30000 Rs and sold for 37500 Rs. Calculate the Markup, Margin, Markup%, and Margin%.

Exercise 6

A refrigerator is bought for 15000 Rs and sold for 19500 Rs. Calculate the Markup, Margin, Markup%, and Margin%.

Exercise 7

A TV is bought for 25000 Rs and sold for 31500 Rs. Calculate the Markup, Margin, Markup%, and Margin%.

Exercise 8

A washing machine is bought for 18000 Rs and sold for 23400 Rs. Calculate the Markup, Margin, Markup%, and Margin%.

Exercise 9

A microwave oven is bought for 8000 Rs and sold for 10400 Rs. Calculate the Markup, Margin, Markup%, and Margin%.

Exercise 10

A bicycle is bought for 7000 Rs and sold for 9100 Rs. Calculate the Markup, Margin, Markup%, and Margin%.

Write the answers to the exercises in Comments.