Discounts + Markups
Flashcard
•
Mathematics
•
7th - 8th Grade
•
Practice Problem
•
Hard
Standards-aligned
Wayground Content
FREE Resource
Student preview
15 questions
Show all answers
1.
FLASHCARD QUESTION
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.
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 Rate)
Tags
CCSS.6.RP.A.3C
3.
FLASHCARD QUESTION
Front
What is a markup?
Back
A markup is an increase in the original price of a product or service, often expressed as a percentage.
Tags
CCSS.6.RP.A.3C
4.
FLASHCARD QUESTION
Front
How do you calculate the selling price after a markup?
Back
Selling Price = Original Price + (Original Price x Markup Rate)
Tags
CCSS.6.RP.A.3C
5.
FLASHCARD QUESTION
Front
If an item costs $100 and has a 20% discount, what is the sale price?
Back
Sale Price = $100 - ($100 x 0.20) = $80
Tags
CCSS.6.RP.A.3C
6.
FLASHCARD QUESTION
Front
If a skateboard is sold for $90 after a 50% markup, what was the original price?
Back
Original Price = Selling Price / (1 + Markup Rate) = $90 / 1.50 = $60
Tags
CCSS.6.RP.A.3C
7.
FLASHCARD QUESTION
Front
What is the formula to find the markup percentage?
Back
Markup Percentage = (Selling Price - Cost Price) / Cost Price x 100%.
Tags
CCSS.6.RP.A.3C
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