Percents Markup and Markdown

Flashcard
•
Mathematics
•
7th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
When a price is increased, it is called a ____________.
Back
Markup
2.
FLASHCARD QUESTION
Front
What is 30% of 80?
Back
24
3.
FLASHCARD QUESTION
Front
Sales tax is __________ to the price.
Back
added
4.
FLASHCARD QUESTION
Front
A type of discount or percent decrease is called ____________.
Back
Markdown
5.
FLASHCARD QUESTION
Front
A $10 shirt is on sale for 25% off the price. What is the sale price of the shirt?
Back
$7.50
6.
FLASHCARD QUESTION
Front
What is the formula to calculate the sale price after a markdown?
Back
Sale Price = Original Price - (Markdown Percentage × Original Price)
7.
FLASHCARD QUESTION
Front
If an item costs $50 and has a markup of 20%, what is the new price?
Back
$60
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