% Mark-Up and Mark-Down

Front

What is the formula to calculate the new price after a markup?

Back

New Price = Original Price + (Original Price × Markup Percentage)

Front

If an item is marked up by 15%, how do you express this as a decimal for calculations?

Back

0.15

Front

What is the formula to calculate the original price before a markup if you know the new price and the markup percentage?

Back

Original Price = New Price / (1 + Markup Percentage)

Front

How do you calculate the new price after a markdown?

Back

New Price = Original Price - (Original Price × Markdown Percentage)

Front

If an item is marked down by 30%, how do you express this as a decimal for calculations?

Back

0.30

Front

What is the formula to calculate the percentage of a markdown?

Back

Markdown Percentage = (Original Price - Sale Price) / Original Price × 100

Front

If a dress originally costs $80 and is marked down to $56, what is the markdown percentage?

Back

30%.

Front

What does it mean to mark up a price?

Back

To increase the original price of an item by a certain percentage.

Front

What does it mean to mark down a price?

Back

To decrease the original price of an item by a certain percentage.

Front

How do you find the sale price of an item after a markup?

Back

Sale Price = Original Price × (1 + Markup Percentage)