Percent Markup and Markdown

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What is Percent Markup?

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Percent markup is the percentage added to the cost price of an item to determine its selling price.

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What is Percent Markdown?

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Percent markdown is the percentage subtracted from the original price of an item to determine its sale price.

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How do you calculate Percent Markup?

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Percent Markup = (Markup Amount / Cost Price) x 100.

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How do you calculate Percent Markdown?

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Percent Markdown = (Markdown Amount / Original Price) x 100.

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What is the formula to find the Selling Price after Markup?

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Selling Price = Cost Price + (Cost Price x Percent Markup).

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What is the formula to find the Sale Price after Markdown?

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Sale Price = Original Price - (Original Price x Percent Markdown).

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If an item costs $50 and has a 20% markup, what is the selling price?

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Selling Price = $50 + ($50 x 0.20) = $60.

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If a shirt originally costs $40 and is marked down by 25%, what is the sale price?

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Sale Price = $40 - ($40 x 0.25) = $30.

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What is the difference between markup and markdown?

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Markup increases the price of an item, while markdown decreases the price.

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How do you find the amount of markup?

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Markup Amount = Cost Price x Percent Markup.