ACT Warm-up #11*

Front

What is the list price of the DVD player?

Back

$100

Front

What is the percentage of the markdown on the DVD player?

Back

30%

Front

How do you calculate the sale price after a markdown?

Back

Sale Price = List Price - (List Price * Markdown Percentage)

Front

What is the sale price of the DVD player after a 30% markdown?

Back

Sale Price = $100 - ($100 * 0.30) = $70

Front

What is the employee discount percentage that John receives?

Back

20%

Front

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

Back

Final Price = Sale Price - (Sale Price * Discount Percentage)

Front

What is the final price John pays for the DVD player after a 20% discount on the sale price?

Back

Final Price = $70 - ($70 * 0.20) = $56

Front

Define 'list price'.

Back

The list price is the original price of a product before any discounts are applied.

Front

Define 'markdown'.

Back

A markdown is a reduction in the original selling price of a product.

Front

Define 'discount'.

Back

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