Discounts and Markups

Front

What is a discount?

Back

A discount is a reduction in the original price of an item.

Front

How do you calculate the amount saved from a discount?

Back

To calculate the amount saved from a discount, multiply the original price by the discount percentage.

Front

If an item costs $50 and has a 20% discount, how much do you save?

Back

You save $10.

Front

What is a markup?

Back

A markup is an increase in the original price of an item, typically expressed as a percentage.

Front

How do you calculate the selling price after a markup?

Back

To calculate the selling price after a markup, multiply the original cost by the markup percentage and add it to the original cost.

Front

If a product costs $30 and has a 25% markup, what is the selling price?

Back

The selling price is $37.50.

Front

What does it mean to subtract a discount from a price?

Back

Subtracting a discount from a price means reducing the original price by the amount of the discount.

Front

How do you find the final price after applying a discount?

Back

To find the final price after applying a discount, subtract the discount amount from the original price.

Front

What is the formula for calculating the final price after a discount?

Back

Final Price = Original Price - (Original Price x Discount Percentage)