Discounts and Markdowns

Front

Convert 7% to a decimal

Back

0.07

Front

What is a reduction in price called?

Back

Discount

Front

If an item costs $124.50 and has a 35% discount, what is the final price?

Back

$80.93

Front

How do you apply a $10 coupon to an item's price?

Back

Subtract $10 from the price of the item.

Front

What is the discount amount on an $83.00 item with a 5% sale?

Back

$4.15

Front

What does 'markdown' mean?

Back

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

Front

How do you calculate a percentage discount?

Back

Multiply the original price by the discount percentage (as a decimal) and subtract from the original price.

Front

What is the formula to find the final price after a discount?

Back

Final Price = Original Price - (Original Price × Discount Percentage)

Front

If a shirt originally costs $50 and is on sale for 20% off, what is the discount amount?

Back

$10

Front

What is the difference between a discount and a sale?

Back

A discount is a reduction in price, while a sale is a temporary event where items are sold at reduced prices.