Mark-ups and Discounts Rowland

Front

What is a mark-up?

Back

A mark-up is an increase in the price of a product, usually expressed as a percentage of the original price.

Front

How do you calculate the amount of a mark-up?

Back

To calculate the amount of a mark-up, multiply the original price by the mark-up percentage (as a decimal).

Front

If a notebook costs $1.50 and has a 20% mark-up, what is the mark-up amount?

Back

$0.30

Front

How do you convert a decimal to a percent?

Back

To convert a decimal to a percent, multiply the decimal by 100 and add a percent sign.

Front

What is 0.98 as a percent?

Back

98%.

Front

What is the formula to find the total price after a mark-up?

Back

Total Price = Original Price + (Original Price × Mark-up Percentage).

Front

If a dress costs $120 and is marked up by 40%, what is the total price?

Back

$168.00.

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 - (Original Price × Discount Percentage).

Front

If a regular price is $174 and there is a 40% discount, what is the sale price?

Back

$104.40.