Discounts and Markups

Discounts and Markups

Assessment

Flashcard

Mathematics

7th Grade

Hard

CCSS
6.RP.A.3C, 7.RP.A.3, 6.RP.A.3B

Standards-aligned

Created by

Wayground Content

FREE Resource

Student preview

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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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