Mark up and discounts

Front

What is the formula to calculate the sale price after a discount?

Back

Sale Price = Original Price - (Original Price * Discount Rate)

Front

If a dress originally costs $60 and is reduced by 30%, what is the sale price?

Back

$42

Front

What does a 40% discount on an item mean?

Back

It means the item will cost 40% less than its original price.

Front

How do you calculate the amount of discount given a percentage off?

Back

Discount Amount = Original Price * Discount Rate

Front

If a tent's regular price is $229 and it is on sale for 40% off, what is the sale price?

Back

$137.40

Front

What is the total amount paid if the bill is $80 and a 15% tip is added?

Back

$92

Front

What is a markdown?

Back

A markdown is a reduction in the original selling price of a product.

Front

How do you find the discount amount for a product priced at $55 with a 25% discount?

Back

Discount Amount = $55 * 0.25 = $13.75

Front

What is the difference between a discount and a markdown?

Back

A discount is a temporary reduction in price, while a markdown is a permanent reduction.

Front

If an item is marked down from $100 to $80, what is the percentage of the markdown?

Back

20% markdown.