Discounts and Markdowns

Discounts and Markdowns

Assessment

Flashcard

Mathematics

7th Grade

Hard

CCSS
6.RP.A.3C, 7.NS.A.1D, 6.RP.A.3B

Standards-aligned

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15 questions

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1.

FLASHCARD QUESTION

Front

What is a discount?

Back

A discount is a reduction in the price of a product or service, usually expressed as a percentage of the original price.

Tags

CCSS.6.RP.A.3C

2.

FLASHCARD QUESTION

Front

How do you calculate the sale price after a discount?

Back

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

Tags

CCSS.6.RP.A.3C

3.

FLASHCARD QUESTION

Front

If a product costs $50 and has a 10% discount, what is the sale price?

Back

Sale Price = $50 - ($50 x 0.10) = $45

Tags

CCSS.6.RP.A.3C

4.

FLASHCARD QUESTION

Front

What is a markdown?

Back

A markdown is a permanent reduction in the original selling price of a product.

Tags

CCSS.6.RP.A.3C

5.

FLASHCARD QUESTION

Front

How do you find the percentage of a discount?

Back

Percentage of Discount = (Discount Amount / Original Price) x 100

6.

FLASHCARD QUESTION

Front

If a shirt originally costs $40 and is marked down to $30, what is the markdown amount?

Back

Markdown Amount = Original Price - Sale Price = $40 - $30 = $10

Tags

CCSS.7.NS.A.1D

7.

FLASHCARD QUESTION

Front

What is the final sale price of an item that costs $100 with a 25% discount?

Back

Final Sale Price = $100 - ($100 x 0.25) = $75

Tags

CCSS.6.RP.A.3C

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