Mark down and Discount

Front

What is a discount?

Back

A discount is a reduction in the original price of a product or service.

Front

How do you calculate a discount?

Back

To calculate a discount, multiply the original price by the discount rate (as a decimal).

Front

If a product costs $80 and has a 20% discount, what is the discount amount?

Back

$16

Front

What is the sale price?

Back

The sale price is the original price minus the discount.

Front

If an item is originally priced at $100 and is on sale for $75, what is the discount?

Back

$25

Front

What does 'unit rate' mean?

Back

A unit rate is a comparison of two different quantities when they are combined together, expressed as a quantity of one.

Front

How do you find the unit rate?

Back

Divide the numerator by the denominator.

Front

What is a commission?

Back

A commission is a fee paid to a salesperson for their services, usually calculated as a percentage of the sales they make.

Front

If a salesperson earns a 10% commission on a $200 sale, how much do they earn?

Back

$20

Front

What does it mean to subtract a discount from a price?

Back

It means to take the discount amount away from the original price to find the sale price.