Percent Markup and Markdown

Front

What is 82% as a decimal?

Back

0.82

Front

What is 30% of 80?

Back

24

Front

What is a type of discount or percent decrease?

Back

Markdown

Front

If a pair of jeans originally costs $35 and is sold at a 25% discount, what is the sale price?

Back

$26.25

Front

A grocery store has a 20% markup on a bottle of soda that costs $1.25. What is the selling price?

Back

$1.50

Front

What is the formula to calculate percent markup?

Back

Percent Markup = (Selling Price - Cost Price) / Cost Price * 100

Front

What is the formula to calculate percent markdown?

Back

Percent Markdown = (Original Price - Sale Price) / Original Price * 100

Front

If an item is marked down by 15% and the original price is $50, what is the sale price?

Back

$42.50

Front

What does a 100% markup mean?

Back

The selling price is double the cost price.

Front

If a store sells an item for $80 after a 20% markup, what was the original cost?

Back

$66.67