Mark Up/Mark Down

Front

What is a markdown?

Back

A markdown is a reduction in the original price of a product, expressed as a percentage of the original price.

Front

How do you calculate the percent of markdown?

Back

Percent of markdown = (Amount of markdown / Original price) x 100.

Front

If a product originally costs $100 and is marked down to $70, what is the percent of markdown?

Back

30%.

Front

What is a markup?

Back

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

Front

How do you calculate the percent of markup?

Back

Percent of markup = (Amount of markup / Original price) x 100.

Front

If a product costs $50 and is sold for $70, what is the percent of markup?

Back

40%.

Front

What is the original price if a product is sold for $60 after a 20% markdown?

Back

$75.

Front

If a jacket is originally priced at $200 and is marked down by 25%, what is the sale price?

Back

$150.

Front

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

Back

Sale price = Original price - (Original price x Percent of markdown).

Front

If a store advertises a 15% markdown on a $120 item, what is the amount of markdown?

Back

$18.