Mark-up & Discount

Front

What is mark-up?

Back

Mark-up is the amount added to the cost price of a product to determine its selling price.

Front

What is discount?

Back

A discount is a reduction in the original price of a product.

Front

How do you calculate the discount amount?

Back

To calculate the discount amount, multiply the original price by the discount percentage (in decimal form).

Front

If a product costs $100 and has a 20% discount, what is the discount amount?

Back

$20

Front

What is the selling price after applying a discount?

Back

Selling Price = Original Price - Discount Amount.

Front

If a jacket originally costs $85 and is on sale for 40% off, how much does it cost after the discount?

Back

$51

Front

What does it mean to subtract a discount from the price?

Back

It means to take the discount amount away from the original price to find the final price.

Front

If a DVD is priced at $15 with a 10% discount, what is the final price?

Back

$13.50

Front

What is the formula to find the final price after a discount?

Back

Final Price = Original Price - (Original Price x Discount Percentage).

Front

What is a percentage?

Back

A percentage is a fraction of 100, used to express how much of something there is.