Markup and Markdown

Front

What is a discount?

Back

A discount is a reduction in the price of a product or service, 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

What is markup?

Back

Markup is the amount added to the cost price of goods to cover overhead and profit, usually expressed as a percentage.

Front

How do you calculate the selling price after markup?

Back

Selling Price = Cost Price + (Markup Percentage × Cost Price) or Selling Price = Cost Price × (1 + Markup Percentage)

Front

What is the formula to find the original price after a discount?

Back

Original Price = Sale Price / (1 - Discount Percentage)