5.2 Rewriting Percent Expressions

Front

What is a percent markup?

Back

A percent markup is the amount added to the cost price of an item to determine its selling price, expressed as a percentage of the cost price.

Front

How do you calculate a 40% markup on an item that costs c dollars?

Back

To calculate a 40% markup, multiply the cost by 1.40. The expression is 1.40c.

Front

What is the formula to find the final price after applying a discount?

Back

Final Price = Original Price - (Discount Percentage × Original Price) or Final Price = Original Price × (1 - Discount Percentage).

Front

If an item is priced at P dollars and has a 30% discount, what is the final price?

Back

Final Price = 0.70P.

Front

What does the expression 0.85B represent?

Back

It represents the final price after a 15% discount on the original price B.

Front

How do you express a 57% markup on an item that costs c dollars?

Back

The expression for a 57% markup is 1.57c.

Front

If a jewelry chain costs $45 and is sold at a 57% markup, what is the retail price?

Back

Retail Price = 1.57 × 45 = $70.65.

Front

What does the expression 1.70x calculate?

Back

It calculates a 70% increase on the original amount x.

Front

How do you find the percentage of a discount?

Back

To find the percentage of a discount, divide the discount amount by the original price and multiply by 100.

Front

What is the difference between markup and discount?

Back

Markup is the amount added to the cost price to determine the selling price, while discount is the amount subtracted from the original price.