Double Discount

Front

What is a markup?

Back

A markup is the amount added to the cost price of a product to determine its selling price, usually expressed as a percentage of the cost price.

Front

How do you calculate a percentage discount?

Back

To calculate a percentage discount, multiply the original price by the discount percentage (as a decimal) and subtract that amount from the original price.

Front

What is a double discount?

Back

A double discount occurs when a product is first discounted by a certain percentage and then an additional discount is applied to the already reduced price.

Front

If a hat costs $4 and is marked up by 200%, what is the selling price before any discounts?

Back

Selling price = Cost + (Markup % of Cost) = $4 + (200% of $4) = $4 + $8 = $12.

Front

What is the final price of an item after applying a 10% discount to a $12 item?

Back

Final price = Original price - (10% of Original price) = $12 - ($12 * 0.10) = $12 - $1.20 = $10.80.

Front

How do you apply multiple discounts sequentially?

Back

To apply multiple discounts, calculate the first discount on the original price, then apply the second discount on the new price.

Front

If a jacket costs $85 and is on sale for 40% off, what is the sale price?

Back

Sale price = Original price - (Discount % of Original price) = $85 - (40% of $85) = $85 - $34 = $51.

Front

What is the total cost after applying a 10% coupon on a $51 jacket?

Back

Total cost = Sale price - (Coupon % of Sale price) = $51 - (10% of $51) = $51 - $5.10 = $45.90.

Front

How do you calculate the final price after two successive discounts of 30% and 20% on an item priced at $78.99?

Back

First discount: $78.99 - (30% of $78.99) = $78.99 - $23.70 = $55.29. Second discount: $55.29 - (20% of $55.29) = $55.29 - $11.06 = $44.23.

Front

What is the formula for calculating the final price after a percentage increase followed by a percentage decrease?

Back

Final price = Original price * (1 + Increase %) * (1 - Decrease %).