What is the formula for calculating markup?

Markup = Selling Price - Cost Price.

What is the formula for calculating discount?

Discount = Original Price x Discount Rate.

What is the difference between markup and markdown?

Markup is an increase in price, while markdown is a decrease in price.

How do you convert a fraction to a percentage?

Divide the numerator by the denominator and multiply by 100.

What is the effect of a 50% discount on an item that costs $80?

The item will cost $40 after the discount.

What does it mean to find the selling price after applying a markup?

It means calculating the final price at which the item will be sold after adding the markup to the cost price.

Resource Library

Math

Percents, Ratios, And Rates

Markup And Markdown

Percents Markup And Markdown

Percents Markup and Markdown

Flashcard

•

Mathematics

•

7th Grade

•

Practice Problem

•

Hard

•

CCSS

6.RP.A.3C, 6.RP.A.3B, 6.RP.A.3D

Standards-aligned

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15 questions

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FLASHCARD QUESTION

Front

What is the term used when a price is increased?

Back

Markup

Tags

CCSS.6.RP.A.3B

FLASHCARD QUESTION

Front

Calculate 30% of 80.

Back

Tags

CCSS.6.RP.A.3C

FLASHCARD QUESTION

Front

If a pair of jeans originally costs $35 and is sold at a 25% discount, what is the sale price?

Back

$26.25

Tags

CCSS.6.RP.A.3C

FLASHCARD QUESTION

Front

What does the term 'percent' compare?

Back

A number to 100

FLASHCARD QUESTION

Front

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

Back

$1.50

Tags

CCSS.6.RP.A.3C

FLASHCARD QUESTION

Front

What is a discount?

Back

A reduction in the original price of an item.

Tags

CCSS.6.RP.A.3C

FLASHCARD QUESTION

Front

How do you calculate a percentage of a number?

Back

Multiply the number by the percentage (in decimal form).

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