Percent Markup and Markdown

Front

What is percent markup?

Back

Percent markup is the amount added to the cost price of an item to determine its selling price, expressed as a percentage of the cost price.

Front

What is percent markdown?

Back

Percent markdown is the amount subtracted from the original price of an item to determine its sale price, expressed as a percentage of the original price.

Front

How do you calculate the selling price after a markdown?

Back

Selling Price = Original Price - (Original Price × Markdown Percentage)