Discounts and Markdowns

Front

What is a discount?

Back

A discount is a reduction in the price of a product or service, usually expressed as a percentage of the original price.

Front

How do you calculate the sale price after a discount?

Back

Sale Price = Original Price - (Original Price x Discount Percentage)

Front

If an item costs $50 and has a 20% discount, what is the discount amount?

Back

Discount Amount = $50 x 0.20 = $10.

Front

What is a markdown?

Back

A markdown is a permanent reduction in the original selling price of a product.

Front

If a shirt originally costs $30 and is marked down to $24, what is the markdown amount?

Back

Markdown Amount = Original Price - Sale Price = $30 - $24 = $6.

Front

What is the final price of an item after applying a 15% discount on a $40 item?

Back

Final Price = $40 - ($40 x 0.15) = $34.

Front

How do you express a discount as a fraction?

Back

A discount can be expressed as a fraction by dividing the discount amount by the original price.

Front

If a pair of shoes is originally $60 and is on sale for 25% off, what is the sale price?

Back

Sale Price = $60 - ($60 x 0.25) = $45.

Front

What does it mean when an item is 'on sale'?

Back

'On sale' means that the item is being offered at a lower price than its regular price.

Front

If a $100 item has a 10% discount, what is the final price?

Back

Final Price = $100 - ($100 x 0.10) = $90.