% Mark-Up and Mark-Down

Front

What is a mark-up?

Back

A mark-up is the amount added to the cost price of a product to determine its selling price. It is usually expressed as a percentage of the cost price.

Front

How do you calculate the selling price after a mark-up?

Back

Selling Price = Cost Price + (Mark-Up Percentage × Cost Price)

Front

If a notebook costs $2.00 and is marked up by 15%, what is the new price?

Back

$2.30

Front

What is a mark-down?

Back

A mark-down is a reduction in the original selling price of a product, often expressed as a percentage.

Front

How do you calculate the selling price after a mark-down?

Back

Selling Price = Original Price - (Mark-Down Percentage × Original Price)

Front

If a dress originally costs $80 and is marked down by 30%, what is the new price?

Back

$56

Front

What is the formula to find the percent of mark-down?

Back

Percent of Mark-Down = (Original Price - Sale Price) / Original Price × 100%.

Front

If a pair of jeans costs $60 after a 20% mark-up, what was the original price?

Back

$50

Front

What does it mean if an item is on sale?

Back

It means the item is being sold at a reduced price, often due to a mark-down.

Front

How do you express a mark-up of 20% as a decimal?

Back

0.20