Percent - 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

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). For example, to find 15% of 200, calculate 200 * 0.15 = 30.

Tags

CCSS.6.RP.A.3C

Front

What is markup?

Back

Markup is the amount added to the cost price of goods to cover overhead and profit. It is often expressed as a percentage of the cost.

Tags

CCSS.6.RP.A.3C

Front

What is markdown?

Back

Markdown is a reduction in the original selling price of a product. It is often expressed as a percentage of the original price.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the new price after a markup?

Back

To calculate the new price after a markup, multiply the original price by (1 + markup percentage in decimal form). For example, if the original price is $100 and the markup is 20%, the new price is $100 * (1 + 0.20) = $120.

Tags

CCSS.6.RP.A.3B

Front

How do you calculate the new price after a markdown?

Back

To calculate the new price after a markdown, multiply the original price by (1 - markdown percentage in decimal form). For example, if the original price is $100 and the markdown is 15%, the new price is $100 * (1 - 0.15) = $85.

Tags

CCSS.6.RP.A.3C

Front

If an item costs $50 and is marked up by 30%, what is the selling price?

Back

The selling price is $50 * (1 + 0.30) = $65.

Tags

CCSS.6.RP.A.3C

Front

If an item originally costs $80 and is marked down by 25%, what is the sale price?

Back

The sale price is $80 * (1 - 0.25) = $60.

Tags

CCSS.6.RP.A.3C

Front

What is commission?

Back

Commission is a fee paid to an employee based on the sales they generate, often expressed as a percentage of the sales amount.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate commission earned?

Back

To calculate commission earned, multiply the total sales by the commission rate (in decimal form). For example, if sales are $1,000 and the commission rate is 5%, the commission earned is $1,000 * 0.05 = $50.

Tags

CCSS.6.RP.A.3C