Discount and Markups

Front

What is a discount?

Back

A discount is a reduction in the original price of a product or service.

Front

How do you calculate the discount amount?

Back

To calculate the discount amount, multiply the original price by the discount percentage (in decimal form).

Front

If a pair of boots costs $94.99 and is 25% off, what is the discount amount?

Back

$23.75

Front

What is a markup?

Back

A markup is an increase in the original cost of a product to determine its selling price.

Front

How do you calculate the retail price after a markup?

Back

To calculate the retail price, add the markup amount to the original cost.

Front

If a store pays $32.00 for a video game and marks it up by 75%, what is the retail price?

Back

$56.00

Front

What does it mean to say an item is 'on sale'?

Back

It means the item is being sold at a reduced price.

Front

If a television costs $360.99 and is on sale for 75% off, what is the sale price?

Back

$90.25

Front

How do you find the sale price after applying a discount?

Back

Subtract the discount amount from the original price.

Front

In a video store, if a DVD sells for $15 and is marked 10% off, what is the discount amount?

Back

$1.50