Markup & Markdown

Front

What is a discount?

Back

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

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the sale price after a discount?

Back

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

Tags

CCSS.6.RP.A.3C

Front

If a pair of boots costs $94.99 and has a 25% discount, what is the sale price?

Back

$71.24

Tags

CCSS.6.RP.A.3C

Front

What is markup?

Back

Markup is the amount added to the cost price of goods to cover overhead and profit, usually expressed as a percentage.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the selling price with markup?

Back

Selling Price = Cost Price + (Cost Price × Markup Percentage)

Tags

CCSS.6.RP.A.3C

Front

If a bottle of soda costs the store $1.25 and has a 20% markup, what is the selling price?

Back

$1.50

Tags

CCSS.6.RP.A.3C

Front

What is the formula to find the total price after markup?

Back

Total Price = Cost Price × (1 + Markup Percentage)

Tags

CCSS.6.RP.A.3B

Front

If a book costs $4.25 and has a 30% markup, what is the total price?

Back

$5.53

Tags

CCSS.6.RP.A.3C

Front

What does 'round to the nearest cent' mean?

Back

It means to adjust a number to the closest value that has two decimal places, typically used in currency.

Tags

CCSS.5.NBT.A.4

Front

If a shirt originally costs $10 and is on sale for 25% off, what is the sale price?

Back

$7.50

Tags

CCSS.6.RP.A.3C