Percent Markup and Markdown
Flashcard
•
Mathematics
•
7th Grade
•
Practice Problem
•
Hard
Standards-aligned
Wayground Content
FREE Resource
Student preview
15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is percent markup?
Back
Percent markup is the percentage increase applied to the original price of an item to determine its selling price.
Tags
CCSS.6.RP.A.3C
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.
Tags
CCSS.6.RP.A.3C
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.
Tags
CCSS.6.RP.A.3C
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.
Tags
CCSS.6.RP.A.3B
5.
FLASHCARD QUESTION
Front
If an item costs $50 and is marked down by 30%, what is the new selling price?
Back
$35
Tags
CCSS.6.RP.A.3C
6.
FLASHCARD QUESTION
Front
If an item costs $5 and is marked up by 20%, what is the new selling price?
Back
$6
Tags
CCSS.6.RP.A.3C
7.
FLASHCARD QUESTION
Front
What does a markdown indicate?
Back
A markdown indicates a decrease in the price of an item.
Tags
CCSS.6.NS.C.5
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