12/11/24 Percents Markup and Markdown

Front

When a price is increased, it is called a ____________.

Back

Markup

Front

A grocery store has a 20% markup on a bottle of soda that costs the store $1.25. What is the selling price?

Back

$1.50

Front

A type of discount or percent decrease is called ____________.

Back

Markdown

Front

Discount is ____________ from the price.

Back

subtracted

Front

A computer game costs $25. The store uses a markup rate of 40%. What is the selling price of the computer game?

Back

$35

Front

What is the formula to calculate the selling price after a markup?

Back

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

Front

If an item costs $50 and has a 10% markdown, what is the sale price?

Back

$45

Front

What does a markdown represent in terms of pricing?

Back

A markdown represents a reduction in the original price of an item.

Front

If a shirt originally costs $30 and is marked down by 25%, what is the new price?

Back

$22.50

Front

What is the difference between markup and markdown?

Back

Markup increases the price, while markdown decreases the price.