Discounts and Markups
Flashcard
•
Mathematics
•
7th Grade
•
Practice Problem
•
Hard
Standards-aligned
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15 questions
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1.
FLASHCARD QUESTION
Front
What is a markup?
Back
A markup is the amount added to the cost price of a product to determine its selling price.
Tags
CCSS.6.RP.A.3B
2.
FLASHCARD QUESTION
Front
How do you calculate the selling price with a markup?
Back
Selling Price = Cost Price + (Cost Price × Markup Percentage)
Tags
CCSS.6.RP.A.3C
3.
FLASHCARD QUESTION
Front
What does it mean to apply a discount?
Back
Applying a discount means reducing the original price of a product.
Tags
CCSS.6.RP.A.3C
4.
FLASHCARD QUESTION
Front
How do you calculate the final price after a discount?
Back
Final Price = Original Price - (Original Price × Discount Percentage)
Tags
CCSS.6.RP.A.3C
5.
FLASHCARD QUESTION
Front
If a product costs $10 and has a 20% markup, what is the selling price?
Back
Selling Price = $10 + ($10 × 0.20) = $12.
Tags
CCSS.6.RP.A.3C
6.
FLASHCARD QUESTION
Front
If a shirt costs $30 and is on sale for 25% off, what is the sale price?
Back
Sale Price = $30 - ($30 × 0.25) = $22.50.
Tags
CCSS.6.RP.A.3C
7.
FLASHCARD QUESTION
Front
What is the difference between markup and discount?
Back
Markup increases the price of a product, while a discount decreases the price.
Tags
CCSS.6.RP.A.3C
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