Percents Markup and Markdown

Front

What is a percent markup?

Back

A 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

How do you calculate the selling price with a markup?

Back

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

Front

What is a percent markdown?

Back

A 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 sale price with a markdown?

Back

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

Front

If a notebook is on sale for $1.50 and has a 20% markup, what is the regular price?

Back

Regular Price = $1.50 / (1 - 0.20) = $1.80

Front

If a pair of jeans originally costs $35 and is sold at a 25% discount, what is the sale price?

Back

Sale Price = $35 - ($35 × 0.25) = $26.25

Front

What happens to the price when sales tax is applied?

Back

Sales tax is added to the price.

Front

If a grocery store has a 20% markup on a soda that costs $1.25, what is the selling price?

Back

Selling Price = $1.25 + ($1.25 × 0.20) = $1.50

Front

What is the formula to find the amount of discount?

Back

Discount Amount = Original Price × Discount Percentage

Front

If an item is priced at $50 with a 10% discount, what is the discount amount?

Back

Discount Amount = $50 × 0.10 = $5