Discounts and Markups
Flashcard
•
Mathematics
•
7th Grade
•
Practice Problem
•
Hard
Standards-aligned
Wayground Content
FREE Resource
Student preview
10 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is a discount?
Back
A discount is a reduction in the original price of a product or service.
Tags
CCSS.6.RP.A.3C
2.
FLASHCARD QUESTION
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.
Tags
CCSS.6.RP.A.3B
3.
FLASHCARD QUESTION
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.
Tags
CCSS.6.RP.A.3C
4.
FLASHCARD QUESTION
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.
Tags
CCSS.7.RP.A.3
5.
FLASHCARD QUESTION
Front
If a tent costs $325 and has a 15% discount, what is the sale price?
Back
$276.25
Tags
CCSS.6.RP.A.3C
6.
FLASHCARD QUESTION
Front
If groceries total $35.50 and the sales tax is 4.5%, how much will you owe?
Back
$37.10
Tags
CCSS.7.RP.A.3
7.
FLASHCARD QUESTION
Front
What happens to the price when a discount is applied?
Back
The discount is subtracted from the original price.
Tags
CCSS.6.RP.A.3C
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