Calculating Prices and Discounts

Front

What is a discount?

Back

A discount is a reduction in the price of a product or service.

Front

How do you calculate the amount of discount?

Back

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

Front

If a DVD costs $15 and is marked 10% off, what is the discount amount?

Back

$1.50

Front

What is the formula to find the discounted price?

Back

Discounted Price = Original Price - Discount Amount.

Front

If an item costs $100 and is discounted by 15%, what is the discounted price?

Back

$85.

Front

What does it mean to mark up a price?

Back

Marking up a price means increasing the original cost of an item to determine its selling price.

Front

If a store buys a shirt for $15 and marks it up by 40%, what is the selling price?

Back

$21.

Front

How do you calculate the selling price after a markup?

Back

Selling Price = Cost Price + (Cost Price x Markup Percentage).

Front

If a sweater costs $24 and is marked up by 50%, what is the expected selling price?

Back

$36.

Front

What is the difference between discount and markup?

Back

Discount reduces the price, while markup increases the price.