Mark ups and Discounts

Front

A discount is__________ from the price.

Back

subtracted

Front

How do you find the SALE PRICE?

Back

original price - discount

Front

How much tax would you pay on a new TV that is $899 at Best Buy, if the GST is 6.5%?

Back

$58.43

Front

Percent is based out of ______?

Back

100

Front

The original price of a pair of shoes is $29.99 and there is a markdown of 10%. What is the sale amount of the pair of shoes?

Back

$27

Front

What is the formula to calculate the discount amount?

Back

Discount Amount = Original Price × Discount Rate

Front

If an item is marked up by 20% and the original price is $50, what is the new price?

Back

$60

Front

What does it mean to mark up a price?

Back

To increase the original price of an item.

Front

How do you calculate the percentage of a discount?

Back

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

Front

If a shirt costs $40 and is on sale for $30, what is the discount percentage?

Back

25%