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.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the sale price after a discount?

Back

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

Tags

CCSS.6.RP.A.3C

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

Tags

CCSS.6.RP.A.3C

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.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the selling price after a markup?

Back

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

Tags

CCSS.6.RP.A.3C

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

Tags

CCSS.6.RP.A.3C

Front

What is the formula to find the amount of discount?

Back

Discount Amount = Original Price × Discount Rate

Tags

CCSS.6.RP.A.3C

Front

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

Back

Discount Amount = $200 × 0.30 = $60

Tags

CCSS.6.RP.A.3C

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.

Tags

CCSS.6.RP.A.3B

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

Tags

CCSS.6.RP.A.3C