Percent Discount and Markup

Front

What is a percent discount?

Back

A percent discount is a reduction from the original price of an item, expressed as a percentage of the original price.

Front

How do you calculate the percent discount?

Back

Percent Discount = (Original Price - Sale Price) / Original Price x 100%.

Front

If an item originally costs $500 and is sold for $175, what is the percent discount?

Back

65%.

Front

What is markup in pricing?

Back

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

Front

How do you calculate the sale price after markup?

Back

Sale Price = Cost Price + (Cost Price x Markup Percentage).

Front

If a store pays $32 for a video game and marks it up by 75%, what is the sale price?

Back

$56.00.

Front

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

Back

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

Front

If an item costs $130 and has a discount of 45%, what is the sale price?

Back

$78.00.

Front

What is the difference between markup and discount?

Back

Markup increases the price of an item, while discount decreases the price.

Front

If an item has an original price of $20 and a markup of 15%, what is the sale price?

Back

$23.