12/9/24 practice 3-5 Markup & Markdown

Front

What is a discount?

Back

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

Front

How do you calculate the sale price after a discount?

Back

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

Front

If a pair of jeans costs $35 and is on sale for 25% off, what is the sale price?

Back

$26.25

Front

What is sales tax?

Back

Sales tax is a percentage added to the sale price of goods and services, collected by the seller.

Front

How do you calculate the final cost including sales tax?

Back

Final Cost = Sale Price + (Sale Price × Sales Tax Rate)

Front

If a book costs $25 and the sales tax is 7%, what is the final cost?

Back

$26.75

Front

What does 'mark down' mean?

Back

A mark down is a reduction in the original price of an item, often to encourage sales.

Front

If shoes originally cost $29.99 and are marked down by 10%, what is the sale price?

Back

$26.99

Front

What is the formula to find the amount of discount?

Back

Discount Amount = Original Price × Discount Percentage

Front

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

Back

$7.50