Discounts + Markups
Flashcard
•
Mathematics
•
7th - 8th Grade
•
Practice Problem
•
Hard
Standards-aligned
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15 questions
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1.
FLASHCARD QUESTION
Front
What is a markup?
Back
A markup is the amount added to the cost price of a product to determine its selling price. It is usually expressed as a percentage of the cost price.
Tags
CCSS.6.RP.A.3C
2.
FLASHCARD QUESTION
Front
How do you calculate the selling price using markup?
Back
Selling Price = Cost Price + (Markup Rate × Cost Price)
Tags
CCSS.6.RP.A.3C
3.
FLASHCARD QUESTION
Front
What is a discount?
Back
A discount is a reduction in the original price of a product, usually expressed as a percentage.
Tags
CCSS.6.RP.A.3C
4.
FLASHCARD QUESTION
Front
How do you calculate the sale price after a discount?
Back
Sale Price = Original Price - (Discount Rate × Original Price)
Tags
CCSS.6.RP.A.3C
5.
FLASHCARD QUESTION
Front
If a couch costs $125 and has a markup of 40%, what is the selling price?
Back
Selling Price = $125 + (0.40 × $125) = $175
Tags
CCSS.6.RP.A.3C
6.
FLASHCARD QUESTION
Front
If sunglasses are originally priced at $80 and are on a 25% discount, what is the sale price?
Back
Sale Price = $80 - (0.25 × $80) = $60
Tags
CCSS.6.RP.A.3C
7.
FLASHCARD QUESTION
Front
What is the formula to find the markup rate?
Back
Markup Rate = (Selling Price - Cost Price) / Cost Price × 100%.
Tags
CCSS.6.RP.A.3C
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