Discounts and Markups

Front

What is a discount?

Back

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

Front

How do you calculate a discount?

Back

To calculate a discount, multiply the original price by the discount rate (as a decimal) and subtract that amount from the original price.

Front

What is a markup?

Back

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

Front

How do you calculate a markup?

Back

To calculate a markup, multiply the original cost by the markup rate (as a decimal) and add that amount to the original cost.

Front

If a tent costs $325 and has a 15% discount, what is the sale price?

Back

$276.25

Front

If groceries total $35.50 and the sales tax is 4.5%, how much will you owe?

Back

$37.10

Front

What happens to the price when a discount is applied?

Back

The discount is subtracted from the original price.

Front

If Ariel buys items totaling $203.86 and uses a 30% off coupon, what will be her total?

Back

$142.00

Front

If a computer is priced at $455.99 and you use a 30% coupon, what is the total cost?

Back

$319.19

Front

What is the formula for calculating the final price after applying a discount?

Back

Final Price = Original Price - (Original Price x Discount Rate)