Markup and Markdown

Front

What is markup?

Back

Markup is the amount added to the cost price of a product to determine its selling price, usually expressed as a percentage of the cost price.

Front

What is markdown?

Back

Markdown is the reduction in the original selling price of a product, usually expressed as a percentage of the original price.

Front

How do you calculate the selling price after a markup?

Back

Selling Price = Cost Price + (Markup Percentage × Cost Price)

Front

How do you calculate the selling price after a markdown?

Back

Selling Price = Original Price - (Markdown Percentage × Original Price)

Front

If a jacket costs $89.50 and is marked down by 40%, what is the new price?

Back

$53.70

Front

If a PlayStation 5 costs $499.99 and is marked down by 20%, what is the new price?

Back

$399.99

Front

If an Xbox game costs $12.00 and has a markup of 70%, what is the selling price?

Back

$20.40

Front

If a pair of Nikes costs $129.99 and has a markup of 30%, what is the selling price?

Back

$168.99

Front

If a cell phone costs $119.95 and has a markup of 50%, what is the selling price?

Back

$179.93

Front

What is the formula for calculating the amount of markdown?

Back

Markdown Amount = Original Price × Markdown Percentage