Discounts and Markups

Front

What is a discount?

Back

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

Front

How do you calculate the sale price after a discount?

Back

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

Front

If a pair of shoes costs $100 and has a 20% discount, what is the sale price?

Back

Sale Price = $100 - ($100 × 0.20) = $80

Front

What is a markup?

Back

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

Front

How do you calculate the selling price after a markup?

Back

Selling Price = Original Price + (Original Price × Markup Rate)

Front

If a bike costs $150 and has a 25% markup, what is the selling price?

Back

Selling Price = $150 + ($150 × 0.25) = $187.50

Front

What is the formula to find the amount of discount?

Back

Discount Amount = Original Price × Discount Rate

Front

If a jacket is priced at $200 with a 30% discount, how much is the discount?

Back

Discount Amount = $200 × 0.30 = $60

Front

What is the difference between discount and markup?

Back

Discount reduces the price of an item, while markup increases the price of an item.

Front

If a tablet originally costs $400 and is marked up by 20%, what is the new price?

Back

New Price = $400 + ($400 × 0.20) = $480