Percents Markup and Markdown

Front

What is a percent?

Back

A percent is a ratio expressed as a fraction of 100. It represents a part of a whole.

Front

What does markup mean?

Back

Markup is the amount added to the cost price of goods to cover overhead and profit.

Tags

CCSS.6.RP.A.3B

Front

What does markdown mean?

Back

Markdown is a reduction in the original selling price of a product.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate a percentage of a number?

Back

To calculate a percentage of a number, multiply the number by the percentage (in decimal form).

Tags

CCSS.6.RP.A.3C

Front

What is 40% of 85?

Back

34

Tags

CCSS.6.RP.A.3C

Front

If a jacket costs $85 and is 40% off, how much do you save?

Back

You save $34.

Tags

CCSS.6.RP.A.3C

Front

What is the sale price of an item that costs $100 with a 25% discount?

Back

The sale price is $75.

Tags

CCSS.6.RP.A.3C

Front

What is the formula for calculating the sale price after a markdown?

Back

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

Tags

CCSS.6.RP.A.3C

Front

If a notebook is $1.50 with a 20% markup, what is the new price?

Back

The new price is $1.80.

Tags

CCSS.6.RP.A.3C

Front

What is the difference between markup and markdown?

Back

Markup increases the price of an item, while markdown decreases it.

Tags

CCSS.6.RP.A.3B