Markups & Discounts

Markups & Discounts

Assessment

Flashcard

Mathematics

7th Grade

Practice Problem

Hard

CCSS
6.RP.A.3C, 6.RP.A.3B, 7.RP.A.3

+1

Standards-aligned

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

What is the formula to calculate the selling price with markup?

Back

Selling Price = Cost + (Cost * Markup Percentage)

Tags

CCSS.6.RP.A.3C

2.

FLASHCARD QUESTION

Front

If an item costs $50 and has a markup of 10%, what is the selling price?

Back

$55

Tags

CCSS.6.RP.A.3C

3.

FLASHCARD QUESTION

Front

What is the formula to calculate the selling price after a discount?

Back

Selling Price = Original Price - (Original Price * Discount Percentage)

Tags

CCSS.6.RP.A.3C

4.

FLASHCARD QUESTION

Front

If an item has an original price of $30 and a discount of 10%, what is the selling price?

Back

$27

Tags

CCSS.6.RP.A.3C

5.

FLASHCARD QUESTION

Front

What is a markup?

Back

Markup is the amount added to the cost price of goods to cover overhead and profit.

Tags

CCSS.6.RP.A.3B

6.

FLASHCARD QUESTION

Front

What is a discount?

Back

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

Tags

CCSS.6.RP.A.3C

7.

FLASHCARD QUESTION

Front

If an item costs $80 and has a markup of 60%, what is the selling price?

Back

$128

Tags

CCSS.6.RP.A.3C

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