% Mark-Up and Mark-Down

Front

What is a mark-up?

Back

A mark-up is the amount added to the cost price of a product to determine its selling price. It is usually expressed as a percentage of the cost price.

Front

What is a mark-down?

Back

A mark-down is a reduction in the original selling price of a product. It is often expressed as a percentage of the original price.

Front

How do you calculate the new price after a mark-down?

Back

New Price = Original Price - (Original Price × Mark-Down Percentage)