Discounts and Markups

Front

What is a discount?

Back

A discount is a reduction in the original price of a product or service, often expressed as a percentage.

Front

How do you calculate the sale price after a discount?

Back

Sale Price = Original Price - (Discount Percentage × Original Price)

Front

What is a markup?

Back

A markup is an increase in the original price of a product or service, usually expressed as a percentage.

Front

How do you calculate the selling price after a markup?

Back

Selling Price = Original Price + (Markup Percentage × Original Price)

Front

If a dress is originally priced at $50 and is on sale for 30% off, what is the sale price?

Back

Sale Price = $50 - (30% × $50) = $35.

Front

If a smartphone costs $300 and is marked up by 20%, what is the selling price?

Back

Selling Price = $300 + (20% × $300) = $360.

Front

What is the original price if a pair of shoes is sold for $40 after a 20% discount?

Back

Original Price = Sale Price / (1 - Discount Percentage) = $40 / (1 - 0.20) = $50.

Front

How do you find the original price before a markup?

Back

Original Price = Selling Price / (1 + Markup Percentage)