Discounts and Markdowns

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.

Front

How do you calculate the sale price after a discount?

Back

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

Front

If an item costs $50 and has a 10% discount, what is the discount amount?

Back

Discount Amount = $50 x 0.10 = $5.

Front

What is a markdown?

Back

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

Front

If a shirt originally costs $40 and is marked down by 25%, what is the final price?

Back

Final Price = $40 - ($40 x 0.25) = $30.

Front

What does 'final sale price' mean?

Back

The final sale price is the price a customer pays after all discounts and markdowns have been applied.

Front

How do you find the percentage of a discount?

Back

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

Front

If a $200 item is on sale for 15% off, what is the sale price?

Back

Sale Price = $200 - ($200 x 0.15) = $170.

Front

What is the difference between a discount and a markdown?

Back

A discount is temporary, while a markdown is a permanent price reduction.

Front

If a pair of shoes costs $60 and is discounted by 20%, how much do you pay?

Back

You pay $60 - ($60 x 0.20) = $48.