Percent Markup and Markdown

Front

What is the formula for calculating percent markup?

Back

(1 + m) x (Original Price) = Selling Price, where m is the markup percentage expressed as a decimal.

Front

How do you calculate the selling price after a markup?

Back

Selling Price = Original Price x (1 + Markup Percentage) where Markup Percentage is expressed as a decimal.

Front

If an item costs $50 and is marked up by 10%, what is the new selling price?

Back

Selling Price = $50 x (1 + 0.10) = $55.

Front

What does a markdown represent in pricing?

Back

A markdown represents a decrease in the price of an item.

Front

How do you calculate the selling price after a markdown?

Back

Selling Price = Original Price x (1 - Markdown Percentage) where Markdown Percentage is expressed as a decimal.

Front

If an item originally priced at $80 is marked down by 20%, what is the new selling price?

Back

Selling Price = $80 x (1 - 0.20) = $64.

Front

What is the difference between markup and markdown?

Back

Markup is the amount added to the cost price to determine the selling price, while markdown is the amount subtracted from the selling price.

Front

If an item costs $30 and is marked up by 25%, what is the selling price?

Back

Selling Price = $30 x (1 + 0.25) = $37.50.

Front

What is the percent markdown formula?

Back

Selling Price = (1 - m) x (Original Price) where m is the markdown percentage expressed as a decimal.

Front

If an item is marked down from $100 to $75, what is the percent markdown?

Back

Percent Markdown = ((Original Price - Selling Price) / Original Price) x 100 = (($100 - $75) / $100) x 100 = 25%.