Markups and Discounts

Front

What is a markup?

Back

A markup is the amount added to the cost price of a product to determine its selling price, usually expressed as a percentage of the cost price.

Front

How do you calculate the selling price with markup?

Back

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

Front

What is a discount?

Back

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

Front

How do you calculate the sale price after a discount?

Back

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

Front

If a book costs $4.25 and has a markup of 30%, what is the selling price?

Back

Selling Price = $4.25 + (0.30 × $4.25) = $5.53

Front

If a board game costs $12.33 and is marked up by 35%, what is the total price?

Back

Total Price = $12.33 + (0.35 × $12.33) = $16.65

Front

Sam bought a jacket for $85.00 with a 40% discount. How much did he pay?

Back

Sale Price = $85.00 - (0.40 × $85.00) = $51.00

Front

Darren has a book that costs $14.55 with a 20% off coupon. What is his total?

Back

Sale Price = $14.55 - (0.20 × $14.55) = $11.64

Front

Mr. Byars wants to buy a tie that costs $15.00 with a 25% discount. What will he pay?

Back

Sale Price = $15.00 - (0.25 × $15.00) = $11.25

Front

What is the formula for calculating the amount of discount?

Back

Discount Amount = Original Price × Discount Percentage