Discounts and Markdowns

Front

What is a discount?

Back

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

Front

How do you calculate the amount of a discount?

Back

To calculate the amount of a discount, multiply the original price by the discount percentage (in decimal form).

Front

When you have a discount, do you add or subtract the discount from the total?

Back

Subtract.

Front

What is a markdown?

Back

A markdown is a permanent reduction in the original selling price of a product.

Front

How do you find the sale price after a discount?

Back

Subtract the discount amount from the original price.

Front

If an item costs $50 and has a 10% discount, what is the discount amount?

Back

$5.00.

Front

If a shirt originally costs $30 and is marked down by 25%, what is the sale price?

Back

$22.50.

Front

What is the formula to calculate the sale price after a markdown?

Back

Sale Price = Original Price - (Original Price x Markdown Percentage).

Front

If a pair of shoes costs $80 and is on sale for 15% off, how much do you pay?

Back

$68.00.

Front

What does it mean to apply a discount?

Back

To apply a discount means to reduce the price of an item by a certain percentage or amount.