Calculating Discounts and Markups

Front

What is a discount?

Back

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

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the discount amount?

Back

Discount Amount = Original Price × Discount Rate.

Tags

CCSS.6.RP.A.3C

Front

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

Back

Selling Price = Original Price - Discount Amount.

Tags

CCSS.6.RP.A.3C

Front

What is a markup?

Back

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

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the markup amount?

Back

Markup Amount = Cost Price × Markup Rate.

Tags

CCSS.6.RP.A.3C

Front

What is the formula to find the selling price after a markup?

Back

Selling Price = Cost Price + Markup Amount.

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CCSS.6.RP.A.3B

Front

If an item is marked down by 25%, what does that mean?

Back

It means the item is being sold for 75% of its original price.

Tags

CCSS.6.RP.A.3C

Front

How do you find the original price if you know the selling price and the discount rate?

Back

Original Price = Selling Price / (1 - Discount Rate).

Tags

CCSS.6.RP.A.3C

Front

If a golf club costs $40 and is sold for $75, what is the markup rate?

Back

Markup Rate = (Selling Price - Cost Price) / Cost Price × 100% = 87.5%.

Tags

CCSS.6.RP.A.3C

Front

What is the selling price of an item originally priced at $55 with a 25% discount?

Back

Selling Price = $55 - ($55 × 0.25) = $41.25.

Tags

CCSS.6.RP.A.3C