Markup and Discount Review

Front

What is the formula to calculate the retail price after a markup?

Back

Retail Price = Original Price + (Original Price × Markup Percentage)

Tags

CCSS.6.RP.A.3C

Front

If an item costs $50 and has a markup of 20%, what is the retail price?

Back

Retail Price = $50 + ($50 × 0.20) = $60

Tags

CCSS.6.RP.A.3C

Front

What does 'discount' mean in pricing?

Back

A discount is a reduction in the original price of an item.

Tags

CCSS.6.RP.A.3C

Front

If an item originally costs $100 and has a discount of 25%, what is the sale price?

Back

Sale Price = Original Price - (Original Price × Discount Percentage) = $100 - ($100 × 0.25) = $75

Tags

CCSS.6.RP.A.3C

Front

What is the difference between markup and discount?

Back

Markup increases the original price, while discount decreases it.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the amount of discount on an item?

Back

Discount Amount = Original Price × Discount Percentage

Tags

CCSS.6.RP.A.3C

Front

If a store marks up an item by 30% and the original price is $40, what is the markup amount?

Back

Markup Amount = $40 × 0.30 = $12

Tags

CCSS.6.RP.A.3C

Front

What is the sale price of an item that costs $80 with a discount of 10%?

Back

Sale Price = $80 - ($80 × 0.10) = $72

Tags

CCSS.6.RP.A.3C

Front

If a painting costs $200 and has a markup of 50%, what is the retail price?

Back

Retail Price = $200 + ($200 × 0.50) = $300

Tags

CCSS.6.RP.A.3C

Front

What is the term for the original price before any markup or discount?

Back

The term is 'Base Price' or 'Original Price'.

Tags

CCSS.6.RP.A.3C