Markup and Markdown

Front

What is Markup?

Back

Markup is the amount added to the cost price of a product to determine its selling price, usually expressed as a percentage of the cost price.

Front

What is Markdown?

Back

Markdown is the amount deducted from the original price of a product, often expressed as a percentage, to determine the sale price.

Front

How do you calculate the retail price using markup?

Back

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

Front

If a picture frame costs $2.99 and has a markup of 150%, what is the retail price?

Back

$7.48

Front

What is the formula to calculate the sale price after a discount?

Back

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

Front

If a shirt originally costs $10 and is on sale for 25% off, what is the sale price?

Back

$7.50

Front

What does 'discount' mean in pricing?

Back

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

Front

How do you find the discounted price?

Back

Discounted Price = Original Price - Discount Amount

Front

If a video costs $25.95 and is on sale for 25% off, what is the sale price?

Back

$19.46

Front

What is the difference between markup and markdown?

Back

Markup increases the price of a product, while markdown decreases the price.