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, 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.

Front

How do you calculate the sale price after a discount?

Back

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

Front

What is the formula to find the amount saved during a discount?

Back

Amount Saved = Discount Percentage × Original Price

Front

If an item costs $100 and has a 20% discount, how much do you save?

Back

You save $20.

Front

What is sales tax?

Back

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

Front

How do you calculate the total cost including sales tax?

Back

Total Cost = Original Price + (Sales Tax Percentage × Original Price)

Front

If Mrs. Lindenberger's groceries cost $35.50 and the sales tax is 4.5%, how much will she pay?

Back

She will pay $37.10.

Front

What is the formula for calculating the percentage of a total?

Back

Percentage = (Part / Total) × 100

Front

In a class of 50 students, if 40% take the bus, how many do not take the bus?

Back

30 students do not take the bus.