Percent Markup/Discount

Percent Markup/Discount

Assessment

Flashcard

Mathematics

7th Grade

Hard

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3 questions

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1.

FLASHCARD QUESTION

Front

What is percent markup?

Back

Percent markup is the amount added to the cost price of an item, expressed as a percentage of the cost price.

2.

FLASHCARD QUESTION

Front

What is percent discount?

Back

Percent discount is the reduction in price of an item, expressed as a percentage of the original price.

3.

FLASHCARD QUESTION

Front

How do you calculate the sale price after a discount?

Back

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