Discounts and Markups

Front

What is a discount?

Back

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

Front

How do you calculate the sale price after a discount?

Back

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

Front

What is a markup?

Back

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

Front

How do you calculate the selling price after a markup?

Back

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

Front

If a video game has a 35% discount and the sale price is $26, what was the original price?

Back

$40

Front

If a jacket originally costs $75 and has a 20% discount, how much do you pay after the discount?

Back

$60

Front

A retailer buys smartphones for $300 each and marks them up by 20%. What is the selling price?

Back

$360

Front

A bookstore marks up a book by 40% from its original price of $20. What is the new price?

Back

$28

Front

If a shirt costs $50 and is increased by 15%, what is the new price?

Back

$57.50

Front

What does it mean to apply a percentage discount?

Back

Applying a percentage discount means reducing the price of an item by a certain percentage of its original price.