Percent Markup and Markdown

Front

What is percent markup?

Back

Percent markup is the percentage increase applied to the original price of an item to determine its selling price.

Front

What is percent markdown?

Back

Percent markdown is the percentage decrease applied to the original price of an item to determine its new selling price.

Front

How do you calculate the selling price after a markdown?

Back

Selling Price = (1 - m) x (Original Price), where m is the markdown percentage expressed as a decimal.

Front

How do you calculate the selling price after a markup?

Back

Selling Price = (1 + m) x (Original Price), where m is the markup percentage expressed as a decimal.

Front

If an item costs $50 and is marked down by 30%, what is the new selling price?

Back

$35

Front

If an item costs $5 and is marked up by 20%, what is the new selling price?

Back

$6

Front

What does a markdown indicate?

Back

A markdown indicates a decrease in the price of an item.

Front

What does a markup indicate?

Back

A markup indicates an increase in the price of an item.

Front

If an item originally costs $100 and is marked up by 25%, what is the selling price?

Back

$125

Front

If an item originally costs $80 and is marked down by 15%, what is the selling price?

Back

$68