Discounts and Markups

Front

What is a discount?

Back

A discount is a reduction in the original price of a product or service, usually expressed as a percentage.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the amount of a discount?

Back

To calculate the discount amount, multiply the original price by the discount rate (as a decimal). Formula: Discount Amount = Original Price × Discount Rate.

Tags

CCSS.6.RP.A.3B

Front

What is the sale price?

Back

The sale price is the final price of a product after the discount has been applied. Formula: Sale Price = Original Price - Discount Amount.

Tags

CCSS.6.RP.A.3C

Front

What is a markup?

Back

A markup is an increase in the original price of a product, usually expressed as a percentage.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the amount of a markup?

Back

To calculate the markup amount, multiply the original price by the markup rate (as a decimal). Formula: Markup Amount = Original Price × Markup Rate.

Tags

CCSS.6.RP.A.3C

Front

What is the selling price?

Back

The selling price is the final price of a product after the markup has been added. Formula: Selling Price = Original Price + Markup Amount.

Tags

CCSS.6.RP.A.3B

Front

If a laptop costs $1200 and has a discount rate of 20%, what is the discount amount?

Back

The discount amount is $240.

Tags

CCSS.6.RP.A.3C

Front

If a coffee maker costs $70 and has a discount rate of 15%, what is the discount amount?

Back

The discount amount is $10.50.

Tags

CCSS.6.RP.A.3C

Front

If a backpack costs $50 and has a markup rate of 40%, what is the markup amount?

Back

The markup amount is $20.

Tags

CCSS.6.RP.A.3C

Front

If a desk lamp costs $30 and has a markup rate of 25%, what is the markup amount?

Back

The markup amount is $7.50.

Tags

CCSS.6.RP.A.3C