Percents Markup and Markdown

Front

What is the sale price of a $10 shirt with a 25% discount?

Back

$7.50

Front

If a bottle of soda costs the store $1.25 and has a 20% markup, what is the selling price?

Back

$1.50

Front

What is the price of jeans originally costing $35 during a 25% discount sale?

Back

$26.25

Front

What term compares a number to 100?

Back

Percent

Front

What is 30% of 80?

Back

24

Front

How do you calculate a percentage of a number?

Back

Multiply the number by the percentage (in decimal form). For example, 30% of 80 is 0.30 * 80 = 24.

Front

What is a markup?

Back

A markup is the amount added to the cost price of goods to cover overhead and profit.

Front

What is a markdown?

Back

A markdown is a reduction in the original selling price of a product.

Front

If an item is marked down by 15% and originally costs $50, what is the new price?

Back

$42.50

Front

What is the formula to find the percentage increase?

Back

Percentage Increase = (New Value - Original Value) / Original Value * 100.