Discount and Markups
Flashcard
•
Mathematics
•
7th - 8th Grade
•
Hard
Wayground Content
FREE Resource
Student preview
15 questions
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1.
FLASHCARD QUESTION
Front
What is a discount?
Back
A discount is a reduction in the original price of a product or service.
2.
FLASHCARD QUESTION
Front
How do you calculate the discount amount?
Back
To calculate the discount amount, multiply the original price by the discount percentage (in decimal form).
3.
FLASHCARD QUESTION
Front
If a pair of boots costs $94.99 and is 25% off, what is the discount amount?
Back
$23.75
4.
FLASHCARD QUESTION
Front
What is a markup?
Back
A markup is an increase in the original cost of a product to determine its selling price.
5.
FLASHCARD QUESTION
Front
How do you calculate the retail price after a markup?
Back
To calculate the retail price, add the markup amount to the original cost.
6.
FLASHCARD QUESTION
Front
If a store pays $32.00 for a video game and marks it up by 75%, what is the retail price?
Back
$56.00
7.
FLASHCARD QUESTION
Front
What does it mean to say an item is 'on sale'?
Back
It means the item is being sold at a reduced price.
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