Percent - Markup and Markdown 2

Front

What is a markdown?

Back

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

Front

How do you calculate the new price after a markdown?

Back

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

Front

What is a markup?

Back

A markup is an increase in the original price of a product, expressed as a percentage of the original price.

Front

How do you calculate the new price after a markup?

Back

New Price = Original Price + (Original Price × Markup Percentage)

Front

If an item originally costs $50 and has a 20% markdown, what is the new price?

Back

New Price = $50 - ($50 × 0.20) = $40.00

Front

If an item originally costs $80 and has a 25% markup, what is the new price?

Back

New Price = $80 + ($80 × 0.25) = $100.00

Front

What is the formula to find the original price from the new price after a markup?

Back

Original Price = New Price / (1 + Markup Percentage)

Front

What is the formula to find the original price from the new price after a markdown?

Back

Original Price = New Price / (1 - Markdown Percentage)

Front

If a product is marked down from $200 by 15%, what is the new price?

Back

New Price = $200 - ($200 × 0.15) = $170.00

Front

If a product is marked up from $150 by 40%, what is the new price?

Back

New Price = $150 + ($150 × 0.40) = $210.00