What is percent markup?
Percent Markup and Markdown

Flashcard
•
Mathematics
•
7th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Percent markup is the percentage increase applied to the original price of an item to determine its selling price.
2.
FLASHCARD QUESTION
Front
What is percent markdown?
Back
Percent markdown is the percentage decrease applied to the original price of an item to determine its new selling price.
3.
FLASHCARD QUESTION
Front
How do you calculate the selling price after a markdown?
Back
Selling Price = (1 - m) x (Original Price), where m is the markdown percentage expressed as a decimal.
4.
FLASHCARD QUESTION
Front
How do you calculate the selling price after a markup?
Back
Selling Price = (1 + m) x (Original Price), where m is the markup percentage expressed as a decimal.
5.
FLASHCARD QUESTION
Front
If an item costs $50 and is marked down by 30%, what is the new selling price?
Back
$35
6.
FLASHCARD QUESTION
Front
If an item costs $5 and is marked up by 20%, what is the new selling price?
Back
$6
7.
FLASHCARD QUESTION
Front
What does a markdown indicate?
Back
A markdown indicates a decrease in the price of an item.
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