Percent Markup and Markdown

Front

What is 82% as a decimal?

Back

0.82

Front

During a back-to-school sale, a store sold jeans at a 25% discount. If one pair of jeans originally cost $35, what was its price during the sale?

Back

$26.25

Front

A notebook is on sale for $1.50 with a 20% markup. What is the sale amount?

Back

$1.80

Front

When a price is increased, it is called a ____________.

Back

Markup

Front

A retailer purchases a cell phone for $850 and plans to markup the cost by 10%. What is the amount of markup?

Back

$85

Front

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

Back

Percentage = (Part/Whole) x 100

Front

If a shirt costs $40 and is marked down by 15%, what is the sale price?

Back

$34.00

Front

What does 'markdown' mean in retail?

Back

A reduction in the original selling price.

Front

If an item is marked up by 30% and the original price is $50, what is the new price?

Back

$65.00

Front

What is the difference between markup and markdown?

Back

Markup is an increase in price; markdown is a decrease in price.