Markup and Markdown
Flashcard
•
Mathematics
•
7th Grade
•
Practice Problem
•
Easy
Wayground Content
Used 1+ times
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7 questions
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1.
FLASHCARD QUESTION
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.
2.
FLASHCARD QUESTION
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.
3.
FLASHCARD QUESTION
Front
How do you calculate the sale price after a discount?
Back
Sale Price = Original Price - (Discount Percentage × Original Price)
4.
FLASHCARD QUESTION
Front
If a jacket costs $85 and is on sale for 40% off, how much do you pay?
Back
You pay $51.
5.
FLASHCARD QUESTION
Front
What is the formula to calculate the final price including sales tax?
Back
Final Price = Price + (Sales Tax Percentage × Price)
6.
FLASHCARD QUESTION
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.
7.
FLASHCARD QUESTION
Front
How do you find the original price before a discount?
Back
Original Price = Sale Price / (1 - Discount Percentage)
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