Percent Discount Practice

Front

What is a percent discount?

Back

A percent discount is a reduction in the original price of an item expressed as a percentage. It indicates how much less you will pay compared to the original price.

Front

How do you calculate the amount of discount?

Back

To calculate the discount amount, multiply the original price by the discount percentage (in decimal form). For example, for a 25% discount on a $100 item: Discount = $100 x 0.25 = $25.

Front

If an item costs $80 and is on sale for 20% off, what is the sale price?

Back

Sale Price = Original Price - Discount Amount. Discount Amount = $80 x 0.20 = $16. Sale Price = $80 - $16 = $64.

Front

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

Back

Sale Price = Original Price - (Original Price x Discount Percentage).

Front

What does 'markup' mean in pricing?

Back

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

Front

If a jacket originally costs $50 and is marked up by 30%, what is the new price?

Back

New Price = Original Price + (Original Price x Markup Percentage). New Price = $50 + ($50 x 0.30) = $65.

Front

What is the difference between a discount and a markdown?

Back

A discount is a temporary reduction in price, while a markdown is a permanent reduction in the original price.

Front

How do you convert a percentage to a decimal?

Back

To convert a percentage to a decimal, divide the percentage by 100. For example, 25% = 25 ÷ 100 = 0.25.

Front

If a pair of shoes costs $60 and is on sale for 15% off, how much do you save?

Back

Savings = Original Price x Discount Percentage. Savings = $60 x 0.15 = $9.

Front

What is the final price of an item after applying a 10% discount on a $200 item?

Back

Final Price = Original Price - Discount Amount. Discount Amount = $200 x 0.10 = $20. Final Price = $200 - $20 = $180.