Percents Markup and Markdown

Front

When a price is increased, it is called a ____________.

Back

Markup

Front

What is 30% of 80?

Back

24

Front

Sales tax is __________ to the price.

Back

added

Front

A type of discount or percent decrease is called ____________.

Back

Markdown

Front

A $10 shirt is on sale for 25% off the price. What is the sale price of the shirt?

Back

$7.50

Front

What is the formula to calculate the sale price after a markdown?

Back

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

Front

If an item costs $50 and has a markup of 20%, what is the new price?

Back

$60

Front

What does a markdown of 15% mean?

Back

The price is reduced by 15% of the original price.

Front

If a product originally costs $40 and is marked down to $30, what is the percent decrease?

Back

25% decrease

Front

What is the difference between markup and markdown?

Back

Markup increases the price, while markdown decreases the price.