Mark up and discount

Front

What is a discount?

Back

A discount is a reduction in the original price of a product or service.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the percent discount?

Back

Percent Discount = (Discount Amount / Original Price) x 100.

Tags

CCSS.6.RP.A.3C

Front

What is markup?

Back

Markup is the amount added to the cost price of a product to determine its selling price.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the selling price with markup?

Back

Selling Price = Cost Price + Markup Amount.

Tags

CCSS.6.RP.A.3B

Front

If a product costs $50 and has a markup of 20%, what is the selling price?

Back

Selling Price = $50 + ($50 x 0.20) = $60.

Tags

CCSS.6.RP.A.3C

Front

What does it mean if an item is on sale?

Back

It means the item is being offered at a reduced price for a limited time.

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.K.5A

Front

If a pair of shoes originally costs $80 and is on sale for $60, what is the discount amount?

Back

Discount Amount = Original Price - Sale Price = $80 - $60 = $20.

Tags

CCSS.6.RP.A.3C

Front

What is the formula to find the discount amount?

Back

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

Tags

CCSS.6.RP.A.3C

Front

If a store offers a 30% discount on a $200 item, what is the discount amount?

Back

Discount Amount = $200 x 0.30 = $60.

Tags

CCSS.6.RP.A.3C

Front

What is the relationship between markup and profit?

Back

Markup is used to determine the selling price, while profit is the difference between selling price and cost price.

Tags

CCSS.6.RP.A.3B