Percent Change, Markup, Discount

Front

What is percent?

Back

A percent is a ratio that compares a number to 100.

Front

How do you calculate the retail price after a markup?

Back

To calculate the retail price after a markup, multiply the cost price by the markup percentage and add it to the cost price.

Front

What is 8.25% as a decimal?

Back

0.0825

Front

How is a discount applied to a price?

Back

A discount is subtracted from the original price.

Front

How do you calculate savings from a discount?

Back

To calculate savings from a discount, multiply the original price by the discount percentage.

Front

What is the formula for percent change?

Back

Percent change = (New Value - Old Value) / Old Value x 100.

Front

If an item costs $50 and is marked up by 20%, what is the new price?

Back

The new price is $60.

Front

What does a 30% discount mean?

Back

A 30% discount means you pay 70% of the original price.

Front

How do you convert a decimal to a percent?

Back

To convert a decimal to a percent, multiply the decimal by 100.

Front

What is the markup amount on a $40 item with a 25% markup?

Back

The markup amount is $10.