Markup/Markdown Practice
Flashcard
•
Mathematics
•
7th Grade
•
Practice Problem
•
Hard
Standards-aligned
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15 questions
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1.
FLASHCARD QUESTION
Front
What is markup in pricing?
Back
Markup is the amount added to the cost price of a product to determine its selling price.
Tags
CCSS.6.RP.A.3C
2.
FLASHCARD QUESTION
Front
How do you calculate the selling price after a markup?
Back
Selling Price = Cost Price + (Cost Price × Markup Percentage)
Tags
CCSS.6.RP.A.3C
3.
FLASHCARD QUESTION
Front
If a store buys an item for $20 and applies a 25% markup, what is the selling price?
Back
Selling Price = $20 + ($20 × 0.25) = $25.
Tags
CCSS.6.RP.A.3C
4.
FLASHCARD QUESTION
Front
What is markdown in pricing?
Back
Markdown is the amount deducted from the original selling price of a product.
Tags
CCSS.6.RP.A.3C
5.
FLASHCARD QUESTION
Front
How do you calculate the discounted price after a markdown?
Back
Discounted Price = Original Price - (Original Price × Markdown Percentage)
Tags
CCSS.6.RP.A.3C
6.
FLASHCARD QUESTION
Front
If a product originally costs $50 and is marked down by 20%, what is the new price?
Back
Discounted Price = $50 - ($50 × 0.20) = $40.
Tags
CCSS.6.RP.A.3C
7.
FLASHCARD QUESTION
Front
What is the difference between markup and markdown?
Back
Markup increases the price of an item, while markdown decreases the price.
Tags
CCSS.6.RP.A.3B
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