Mark-Up and Discount/Percent Word Problems - Level 3

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 discount?

Back

A discount is a reduction in the original price of a product, often expressed as a percentage. It lowers the selling price.

Front

How do you calculate the sale price after a discount?

Back

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

Front

If a shirt costs $10 and is on sale for 25% off, what is the discount amount?

Back

Discount Amount = 25% of $10 = $2.50

Front

What is the formula to find the retail price after a mark-up?

Back

Retail Price = Cost Price + (Mark-up Percentage × Cost Price)

Front

If a video game costs $32 and has a 75% mark-up, what is the retail price?

Back

Retail Price = $32 + (75% of $32) = $32 + $24 = $56.

Front

What does 'percent off' mean in sales?

Back

'Percent off' indicates the percentage reduction from the original price of an item.

Front

How do you find the amount of discount on an item?

Back

Discount Amount = (Discount Percentage / 100) × Original Price.

Front

If a pair of boots originally costs $94.99 and is 25% off, what is the sale price?

Back

Sale Price = $94.99 - (25% of $94.99) = $94.99 - $23.75 = $71.24.

Front

What is the original price if a $67.15 item is sold at a 15% discount?

Back

Original Price = Sale Price / (1 - Discount Percentage) = $67.15 / (1 - 0.15) = $67.15 / 0.85 = $79.