7.4D Mark Up and Mark Down

Front

What is a markup in pricing?

Back

A markup is the amount added to the cost price of goods to cover overhead and profit. It is usually expressed as a percentage of the cost price.

Front

How do you calculate the new price after a markup?

Back

To calculate the new price after a markup, multiply the original price by the markup percentage (expressed as a decimal) and add that amount to the original price. Formula: New Price = Original Price + (Original Price * Markup Percentage).

Front

What is a markdown in pricing?

Back

A markdown is a reduction in the original selling price of a product. It is often expressed as a percentage of the original price.

Front

How do you calculate the new price after a markdown?

Back

To calculate the new price after a markdown, multiply the original price by the markdown percentage (expressed as a decimal) and subtract that amount from the original price. Formula: New Price = Original Price - (Original Price * Markdown Percentage).

Front

If a notebook originally costs $2.00 and is marked up by 15%, what is the new price?

Back

The new price is $2.30. (Calculation: $2.00 + ($2.00 * 0.15) = $2.30).

Front

If a computer originally costs $800 and is marked down by 25%, what is the new price?

Back

The new price is $600. (Calculation: $800 - ($800 * 0.25) = $600).

Front

What is the formula to find the price after a percentage increase?

Back

The formula to find the price after a percentage increase is: New Price = Original Price * (1 + Percentage Increase).

Front

What is the formula to find the price after a percentage decrease?

Back

The formula to find the price after a percentage decrease is: New Price = Original Price * (1 - Percentage Decrease).

Front

If a pair of jeans costs $15 and is marked up by 42%, what is the new price?

Back

The new price is $21.30. (Calculation: $15 + ($15 * 0.42) = $21.30).

Front

If a Christmas tree regularly sells for $200 and is marked down by 60%, what is the discounted price?

Back

The discounted price is $80. (Calculation: $200 - ($200 * 0.60) = $80).