Percent Discount and Markup

Front

What is a percent discount?

Back

A percent discount is a reduction from the original price of an item, expressed as a percentage of that original price.

Front

How do you calculate the sale price after a discount?

Back

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

Front

What is markup?

Back

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

Front

How do you calculate the selling price after a markup?

Back

Selling Price = Cost Price + (Cost Price × Markup Percentage) or Selling Price = Cost Price × (1 + Markup Percentage)