Discount and Markup

Front

What is a discount?

Back

A discount is a reduction in the original price of an item, often expressed as a percentage.

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CCSS.6.RP.A.3C

Front

What is a markup?

Back

A markup is an increase in the original price of an item, usually expressed as a percentage of the cost.

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CCSS.6.RP.A.3C

Front

What is the selling price?

Back

The selling price is the final price paid by the customer after any markup or discount has been applied.

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CCSS.6.RP.A.3D

Front

What is a markdown?

Back

A markdown is a decrease in the price of an item, making it cheaper than the original price.

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CCSS.6.RP.A.3C

Front

How do you calculate the discount amount?

Back

To calculate the discount amount, multiply the original price by the discount percentage (as a decimal).

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CCSS.6.RP.A.3C

Front

How do you calculate the sale price?

Back

To calculate the sale price, subtract the discount amount from the original price.

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CCSS.6.RP.A.3B

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What is profit?

Back

Profit is the amount of money earned after all costs and expenses have been subtracted from revenue.

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CCSS.6.NS.B.3

Front

If an item costs $200 and has a 20% markup, what is the selling price?

Back

The selling price is $240.

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CCSS.6.RP.A.3C

Front

If a shirt originally costs $50 and is on sale for 30% off, what is the sale price?

Back

The sale price is $35.

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CCSS.6.RP.A.3C

Front

What is the formula for calculating markup?

Back

Markup = (Selling Price - Cost Price) / Cost Price x 100%.

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CCSS.6.RP.A.3C