Percent Discount and Markup

Front

What is a percent discount?

Back

A percent discount is a reduction from the original price of an item, expressed as a percentage of that original price.

Front

How do you calculate the sale price after a percent discount?

Back

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

Front

What is markup?

Back

Markup is the amount added to the cost price of goods to cover overhead and profit, usually expressed as a percentage.

Front

How do you calculate the selling price using markup?

Back

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

Front

If a video game costs $32 and has a 75% markup, what is the selling price?

Back

Selling Price = $32 + ($32 × 0.75) = $56.00

Front

If a computer game costs $25 and has a 40% markup, what is the selling price?

Back

Selling Price = $25 + ($25 × 0.40) = $35.00

Front

What is the formula to find the original price after a discount?

Back

Original Price = Sale Price / (1 - Percent Discount)