Markup/Markdown Review

Front

Sales tax is __________ to the price.

Back

added

Front

A pair of boots are $94.99. They are 25% off. What is the sale price?

Back

$71.24

Front

A product is marked down 15% and the sale price is $127.46. What is the original price?

Back

$146.58

Front

Discount is ____________ from the price.

Back

subtracted

Front

What is 125% of 606?

Back

757.5

Front

What does 'markup' mean?

Back

The amount added to the cost price of goods to cover overhead and profit.

Front

What is 'markdown'?

Back

A reduction in the original selling price of a product.

Front

How do you calculate the sale price after a discount?

Back

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

Front

What is the formula to find the original price after a discount?

Back

Original Price = Sale Price / (1 - Discount Percentage)

Front

If an item costs $50 and has a 20% markup, what is the selling price?

Back

$60