Practice on discount and markdown

Front

What is a discount?

Back

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

Front

How do you calculate the sale price after a discount?

Back

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

Front

If an item costs $50 and is discounted by 20%, what is the sale price?

Back

Sale Price = $50 - ($50 × 0.20) = $40.

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 does 'percent off' mean?

Back

'Percent off' indicates the percentage by which the original price is reduced.

Front

How do you find the percentage of a discount?

Back

Percentage of Discount = (Discount Amount / Original Price) × 100%.

Front

If a laptop is regularly priced at $800 and is on sale for 25% off, what is the discount amount?

Back

Discount Amount = $800 × 0.25 = $200.

Front

What is the sale price of an item that costs $120 with a 15% discount?

Back

Sale Price = $120 - ($120 × 0.15) = $102.

Front

If an item is on sale for $45 after a 10% discount, what was the original price?

Back

Original Price = Sale Price / (1 - Discount Percentage) = $45 / (1 - 0.10) = $50.