Percent - Markup and Markdown
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 markup in terms of pricing?
Back
Markup is the amount added to the cost price of goods to cover overhead and profit. It is usually expressed as a percentage of the cost.
Tags
CCSS.6.RP.A.3C
2.
FLASHCARD QUESTION
Front
What is markdown in terms of pricing?
Back
Markdown is a reduction in the original selling price of a product. It is often expressed as a percentage of the original price.
Tags
CCSS.6.RP.A.3C
3.
FLASHCARD QUESTION
Front
How do you calculate the total cost of an item after applying a markup?
Back
Total Cost = Cost Price + (Markup Percentage × Cost Price)
Tags
CCSS.6.RP.A.3C
4.
FLASHCARD QUESTION
Front
How do you calculate the sale price of an item after applying a markdown?
Back
Sale Price = Original Price - (Markdown Percentage × Original Price)
Tags
CCSS.6.RP.A.3C
5.
FLASHCARD QUESTION
Front
If a chef can make 12 meals with 3 pounds of steak, how many pounds of steak are needed for 250 meals?
Back
To find the pounds needed: (250 meals / 12 meals) × 3 pounds = 62.5 pounds.
Tags
CCSS.6.RP.A.3B
6.
FLASHCARD QUESTION
Front
If steak costs $6.60 per pound, how much will 62.5 pounds of steak cost?
Back
Cost = 62.5 pounds × $6.60 = $412.50.
Tags
CCSS.6.NS.B.3
7.
FLASHCARD QUESTION
Front
What percent of T-shirts were not sold if 1,275 out of 1,500 were bought?
Back
Percent not sold = ((1,500 - 1,275) / 1,500) × 100 = 15%.
Tags
CCSS.6.RP.A.3C
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