Percent Discount and Markup

Flashcard
•
Mathematics
•
7th Grade
•
Hard
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4 questions
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1.
FLASHCARD QUESTION
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 that original price.
2.
FLASHCARD QUESTION
Front
How do you calculate the sale price after a discount?
Back
Sale Price = Original Price - (Original Price × Discount Percentage)
3.
FLASHCARD QUESTION
Front
What is markup?
Back
Markup is the amount added to the cost price of goods to cover overhead and profit, usually expressed as a percentage of the cost price.
4.
FLASHCARD QUESTION
Front
How do you calculate the selling price after a markup?
Back
Selling Price = Cost Price + (Cost Price × Markup Percentage) or Selling Price = Cost Price × (1 + Markup Percentage)
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