discount, markdown practice

Front

What is a discount?

Back

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

Front

How do you calculate the amount saved from a discount?

Back

To calculate the amount saved, multiply the original price by the discount percentage (in decimal form).

Front

If an item costs $50 and has a 20% discount, how much do you save?

Back

You save $10.

Front

What is a markdown?

Back

A markdown is a permanent reduction in the selling price of a product.

Front

If a product originally priced at $30 is marked down by 10%, what is the new price?

Back

The new price is $27.

Front

What does it mean to subtract a discount from a price?

Back

It means to reduce the original price by the amount of the discount to find the sale price.

Front

If a store has a sale of 15% off on all items, how would you find the sale price of an item that costs $40?

Back

Multiply $40 by 0.15 to find the discount ($6), then subtract $6 from $40 to get the sale price of $34.

Front

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

Back

Sale Price = Original Price - (Original Price x Discount Percentage).

Front

If an item is priced at $100 and is on sale for 25% off, what is the sale price?

Back

The sale price is $75.

Front

What is the difference between a discount and a markdown?

Back

A discount is a temporary reduction in price, while a markdown is a permanent price reduction.