Markup and Markdown

Front

What is a markup?

Back

A markup is an increase in the price of a product, usually expressed as a percentage of the cost price.

Front

What is a markdown?

Back

A markdown is a reduction in the selling price of a product, typically expressed as a percentage of the original price.

Front

How do you calculate the sale price after a discount?

Back

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

Front

If a jacket costs $85 and is on sale for 40% off, how much do you pay?

Back

You pay $51.

Front

What is the formula to calculate the final price including sales tax?

Back

Final Price = Price + (Sales Tax Percentage × Price)

Front

If a T.V. costs $990 with a 9% sales tax, what is the final price?

Back

The final price is $1,079.10.

Front

How do you find the original price before a discount?

Back

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