Percent Markup/ Percent Markdown

Front

What is the decimal equivalent of 82%?

Back

0.82

Front

If an item costs $500 and has a 35% markup, what is the total cost after markup?

Back

$675

Front

If Sam bought a jacket for $85.00 with a 40% discount, how much did he pay?

Back

$51

Front

What is the term for an increase in price based on the original cost?

Back

Markup

Front

What is the term for a reduction in price from the original cost?

Back

Markdown

Front

How do you calculate a percentage of a number?

Back

Multiply the number by the percentage (as a decimal).

Front

What is 15% of $40?

Back

$6

Front

If a store has a sale of 40% off, how do you find the sale price?

Back

Multiply the original price by 0.40 to find the discount, then subtract that from the original price.

Front

What is the formula for calculating markup?

Back

Markup = Cost × Markup Rate.

Front

What is the formula for calculating markdown?

Back

Markdown = Original Price × Discount Rate.