12.10.24 Percents Markup and Markdown

Front

Discount is ____________ from the price.

Back

subtracted

Front

Find the percent change. Original amount: 10, New amount: 12.

Back

20%

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 $1.25. Find the selling price.

Back

$1.50

Front

A notebook is on sale for $1.50 with a 20% markup. What is the sale amount?

Back

$1.80

Front

What is a percent markup?

Back

The amount added to the cost price to determine the selling price, expressed as a percentage of the cost price.

Front

What is a percent markdown?

Back

The amount subtracted from the original price to determine the sale price, expressed as a percentage of the original price.

Front

How do you calculate percent change?

Back

(New Amount - Original Amount) / Original Amount x 100%.

Front

If an item originally costs $50 and is marked down by 10%, what is the sale price?

Back

$45.

Front

What does it mean to mark up a price?

Back

To increase the price of an item above its cost to make a profit.