Percents Markup and Markdown
Flashcard
•
Mathematics
•
7th Grade
•
Hard
Standards-aligned
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15 questions
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1.
FLASHCARD QUESTION
Front
What is the formula to calculate the sale price after a markup?
Back
Sale Price = Cost Price + (Markup Percentage × Cost Price)
Tags
CCSS.6.RP.A.3C
2.
FLASHCARD QUESTION
Front
How do you calculate a percentage of a number?
Back
Percentage of a number = (Percentage / 100) × Number
Tags
CCSS.6.RP.A.3C
3.
FLASHCARD QUESTION
Front
What is a markup?
Back
A markup is the amount added to the cost price of goods to cover overhead and profit.
Tags
CCSS.6.RP.A.3B
4.
FLASHCARD QUESTION
Front
What is a markdown?
Back
A markdown is a reduction in the original selling price of a product.
Tags
CCSS.6.RP.A.3C
5.
FLASHCARD QUESTION
Front
If a shirt costs $20 and is marked up by 25%, what is the retail price?
Back
Retail Price = $20 + (25% of $20) = $25.
Tags
CCSS.6.RP.A.3C
6.
FLASHCARD QUESTION
Front
What does it mean to compare a number to 100?
Back
It refers to expressing the number as a percentage.
7.
FLASHCARD QUESTION
Front
What is the formula for calculating simple interest?
Back
Simple Interest = Principal × Rate × Time
Tags
CCSS.7.RP.A.3
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