Discounts and Markups

Front

What is a markup?

Back

A markup is the amount added to the cost price of a product to determine its selling price.

Front

How do you calculate the selling price using markup?

Back

Selling Price = Cost Price + Markup.

Front

What is the formula to calculate markup?

Back

Markup = Cost Price x Markup Rate.

Front

If a blender costs $60 and has a markup rate of 20%, what is the markup?

Back

$12.

Front

What is a discount?

Back

A discount is a reduction in the price of a product.

Front

How do you calculate the sale price using discount?

Back

Sale Price = Original Price - Discount.

Front

What is the formula to calculate discount?

Back

Discount = Original Price x Discount Rate.

Front

If a coffee maker costs $70 and has a discount rate of 15%, what is the discount?

Back

$10.50.

Front

What is the selling price of an item after applying a 20% markup on a $60 item?

Back

$72.

Front

If headphones cost $80 and have a discount rate of 25%, what is the sale price?

Back

$60.