Percent Discount and Markup

Front

What is a percent discount?

Back

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

Front

How do you calculate the discount amount?

Back

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

Front

If a product costs $100 and has a 20% discount, what is the discount amount?

Back

$20

Front

What is the sale price after applying a discount?

Back

The sale price is the original price minus the discount amount.

Front

If a shirt originally costs $40 and is on sale for 30% off, what is the sale price?

Back

$28

Front

What is a percent markup?

Back

A percent markup is an increase in the original price of a product, expressed as a percentage of that original price.

Front

How do you calculate the markup amount?

Back

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

Front

If a product costs $50 and has a 15% markup, what is the markup amount?

Back

$7.50

Front

What is the new price after applying a markup?

Back

The new price is the original price plus the markup amount.

Front

If a backpack costs $30 and has a 25% markup, what is the new price?

Back

$37.50