Percents Markup and Markdown

Front

What is the term used when a price is increased?

Back

Markup

Front

Calculate 30% of 80.

Back

24

Front

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

Back

$26.25

Front

What does the term 'percent' compare?

Back

A number to 100

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

Front

What is a discount?

Back

A reduction in the original price of an item.

Front

How do you calculate a percentage of a number?

Back

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

Front

What is the formula for calculating markup?

Back

Markup = Selling Price - Cost Price.

Front

What is the formula for calculating discount?

Back

Discount = Original Price x Discount Rate.

Front

If an item is marked up by 15% and the original price is $50, what is the new price?

Back

$57.50