Mark down and Discount

Front

What is a markdown?

Back

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

Front

How do you calculate the sale price after a markdown?

Back

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

Front

If a product is marked down by 20% and the original price is $50, what is the sale price?

Back

Sale Price = $50 - (0.20 × $50) = $40.

Front

What is the formula to convert a decimal to a percent?

Back

To convert a decimal to a percent, multiply the decimal by 100 and add a percent sign (%).

Front

Convert 0.75 into a percent.

Back

75%.

Front

If a product costs $80 and is on sale for 30% off, how much is the discount?

Back

Discount = 30% of $80 = 0.30 × $80 = $24.

Front

What is the original price if a product is marked down 10% and the sale price is $90?

Back

Original Price = Sale Price / (1 - Markdown Percentage) = $90 / (1 - 0.10) = $100.

Front

How do you find the percentage of a discount?

Back

Percentage of Discount = (Discount Amount / Original Price) × 100.

Front

If a DVD is priced at $15 and has a 10% discount, what is the discount amount?

Back

Discount = 10% of $15 = 0.10 × $15 = $1.50.

Front

What does it mean to mark up a product?

Back

Marking up a product means increasing its price above the original cost.