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Lesson 6.6-Discounts and Markups

Lesson 6.6-Discounts and Markups

Assessment

Flashcard

Mathematics

6th - 8th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

Student preview

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9 questions

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1.

FLASHCARD QUESTION

Front

What is a markup?

Back

A markup is the amount added to the cost price of a product to determine its selling price.

2.

FLASHCARD QUESTION

Front

How do you calculate the selling price with a markup?

Back

Selling Price = Cost Price + (Markup Percentage × Cost Price)

3.

FLASHCARD QUESTION

Front

What is a discount?

Back

A discount is a reduction in the original price of a product.

4.

FLASHCARD QUESTION

Front

How do you calculate the sale price after a discount?

Back

Sale Price = Original Price - (Discount Percentage × Original Price)

5.

FLASHCARD QUESTION

Front

If a product costs $24 and is marked up by 50%, what is the selling price?

Back

Selling Price = $24 + (0.50 × $24) = $36.

6.

FLASHCARD QUESTION

Front

If a product is originally priced at $80 and is discounted by 20%, what is the sale price?

Back

Sale Price = $80 - (0.20 × $80) = $64.

7.

FLASHCARD QUESTION

Front

What is the original price if a product is sold for $45 after a 10% discount?

Back

Original Price = Sale Price / (1 - Discount Percentage) = $45 / 0.90 = $50.

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