Calculating Discounts and Markups
Flashcard
•
Mathematics
•
7th Grade
•
Practice Problem
•
Hard
Standards-aligned
Wayground Content
FREE Resource
Student preview
15 questions
Show all answers
1.
FLASHCARD QUESTION
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
2.
FLASHCARD QUESTION
Front
How do you calculate the discount amount?
Back
Discount Amount = Original Price × Discount Rate.
Tags
CCSS.6.RP.A.3C
3.
FLASHCARD QUESTION
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
4.
FLASHCARD QUESTION
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
5.
FLASHCARD QUESTION
Front
How do you calculate the markup amount?
Back
Markup Amount = Cost Price × Markup Rate.
Tags
CCSS.6.RP.A.3C
6.
FLASHCARD QUESTION
Front
What is the formula to find the selling price after a markup?
Back
Selling Price = Cost Price + Markup Amount.
Tags
CCSS.6.RP.A.3B
7.
FLASHCARD QUESTION
Front
If an item is marked down by 25%, what is the discount rate?
Back
The discount rate is 25%.
Tags
CCSS.6.RP.A.3C
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