Discounts and Markdowns

Front

Convert 7% to a decimal.

Back

0.07 (divide by 100)

Front

When you have a discount, do you add or subtract the discount from the total?

Back

Subtract

Front

Sara bought a pair of pants that were on sale for 30% off the original price. If the price of the pants was $29, what was the discount?

Back

$8.70

Front

If the sales tax rate in Ohio is 5.5%, how much sales tax is there on a $34 item?

Back

$1.87

Front

Macys is having a one-day 35% off discount special. If Sara bought $124.50 worth of items, what would the price be after applying the discount?

Back

$80.93

Front

What is a discount?

Back

A reduction in the price of a product or service.

Front

How do you calculate the amount of a discount?

Back

Multiply the original price by the discount percentage (as a decimal).

Front

What is the formula to find the final price after a discount?

Back

Final Price = Original Price - Discount Amount.

Front

What is a markdown?

Back

A permanent reduction in the original selling price.

Front

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

Back

$40 (20% of $50 is $10, so $50 - $10 = $40).