Discount, Markup, Selling Price

Front

When a price gets lowered, this is known as:

Back

Markdown

Front

When a price is raised in order to make a profit, this is called:

Back

Markup

Front

Discount is ____________ from the price.

Back

Subtracted

Front

What is the sale price of an item originally priced at $94.99 with a 25% discount?

Back

$71.24

Front

When a discount is applied to an item, the amount you pay for the item is called the:

Back

Sale price

Front

What is the formula to calculate the selling price after a discount?

Back

Selling Price = Original Price - Discount Amount

Front

If an item costs $50 and has a markup of 20%, what is the selling price?

Back

$60

Front

What is a discount?

Back

A reduction in the original price of an item.

Front

What does markup refer to?

Back

The amount added to the cost price of goods to cover overhead and profit.

Front

If a shirt is marked up by 30% and the original price is $40, what is the new price?

Back

$52