Discounts and Markups

Front

What is a discount?

Back

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

Front

How do you calculate the sale price after a discount?

Back

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

Front

What is a markup?

Back

A markup is an increase in the original price of a product, usually expressed as a percentage of the cost price.

Front

How do you calculate the selling price after a markup?

Back

Selling Price = Cost Price + (Markup Percentage × Cost Price)

Front

If a product is originally priced at $100 and is marked down by 20%, what is the sale price?

Back

Sale Price = $100 - (20% × $100) = $80.

Front

If a store buys an item for $50 and marks it up by 30%, what is the selling price?

Back

Selling Price = $50 + (30% × $50) = $65.

Front

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

Back

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