Discounts Flashcard

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What is a discount?

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

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How do you calculate the discount amount?

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To calculate the discount amount, multiply the original price by the discount percentage (in decimal form). For example, for a 20% discount on a $100 item: $100 x 0.20 = $20.

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How do you find the sale price after a discount?

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To find the sale price after a discount, subtract the discount amount from the original price. Sale Price = Original Price - Discount Amount.

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If an item costs $50 and has a 10% discount, what is the discount amount?

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The discount amount is $5. (Calculation: $50 x 0.10 = $5.)

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If an item originally costs $80 and is on sale for $64, what is the discount percentage?

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The discount percentage is 20%. (Calculation: Discount Amount = $80 - $64 = $16; Discount Percentage = $16 / $80 = 0.20 or 20%.)

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What is the original price if the sale price is $45 after a 10% discount?

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The original price is $50. (Calculation: Sale Price = Original Price - (Original Price x Discount Percentage); $45 = Original Price - (Original Price x 0.10). Solve for Original Price.)

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Find the discount price for an item that costs $200 with a 25% discount.

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The discount price is $150. (Calculation: Discount Amount = $200 x 0.25 = $50; Sale Price = $200 - $50 = $150.)

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What is the formula to calculate the sale price after a discount?

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Sale Price = Original Price - (Original Price x Discount Percentage).

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If a store offers a 30% discount on a $90 item, what is the final price?

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The final price is $63. (Calculation: Discount Amount = $90 x 0.30 = $27; Final Price = $90 - $27 = $63.)

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What does it mean if an item is 'on sale'?

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If an item is 'on sale', it means that the price has been reduced for a limited time, often to encourage purchases.