Discount and Markup

Front

What is the selling price of a Gucci bag that costs $28.00 and is marked up 900%?

Back

$280.00

Front

Markup is _________________ to the original price.

Back

Added

Front

What is the sale price of a television that costs $360.99 and is on sale for 75% off?

Back

$90.25

Front

Discount is ____________ from the original price.

Back

Subtracted

Front

When a price gets lowered, this is known as:

Back

Markdown

Front

What is the formula to calculate the selling price after markup?

Back

Selling Price = Cost Price + (Markup Percentage × Cost Price)

Front

If an item is marked up by 50% and the original price is $100, what is the new price?

Back

$150

Front

What does a 20% discount mean?

Back

The price is reduced by 20% of the original price.

Front

If a shirt originally costs $40 and is on sale for $30, what is the discount amount?

Back

$10

Front

What is the difference between markup and profit?

Back

Markup is the amount added to the cost price, while profit is the amount earned after all costs are deducted.