Discounts and Markdowns

Front

What is a discount?

Back

A discount is a reduction in the price of a product or service, usually expressed as a percentage of the original price.

Front

How do you calculate the sale price after a discount?

Back

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

Front

If a product costs $50 and has a 10% discount, what is the sale price?

Back

Sale Price = $50 - ($50 x 0.10) = $45

Front

What is a markdown?

Back

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

Front

How do you find the percentage of a discount?

Back

Percentage of Discount = (Discount Amount / Original Price) x 100

Front

If a shirt originally costs $40 and is marked down to $30, what is the markdown amount?

Back

Markdown Amount = Original Price - Sale Price = $40 - $30 = $10

Front

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

Back

Final Sale Price = $100 - ($100 x 0.25) = $75

Front

If a pair of shoes is originally priced at $60 and is on sale for 15% off, what is the sale price?

Back

Sale Price = $60 - ($60 x 0.15) = $51

Front

What does it mean to apply a discount?

Back

To apply a discount means to reduce the original price of an item by a certain percentage or amount.

Front

If a bicycle costs $200 and is discounted by 20%, how much do you save?

Back

Savings = $200 x 0.20 = $40