What is percent markup?
Percent Markup and Markdown
Flashcard
•
Mathematics
•
7th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Percent markup is the amount added to the cost price of an item to determine its selling price, expressed as a percentage of the cost price.
2.
FLASHCARD QUESTION
Front
What is percent markdown?
Back
Percent markdown is the amount subtracted from the original price of an item to determine its sale price, expressed as a percentage of the original price.
3.
FLASHCARD QUESTION
Front
How do you calculate the selling price after a markdown?
Back
Selling Price = Original Price - (Original Price × Markdown Percentage)
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