Percent: Markup or Markdown

Percent: Markup or Markdown

Multiple Choice

When a price is increased, it is called a ____________.

• Markdown

• Markup

• Sales Tax

• Commission

Multiple Choice

A type of percent increase

• Markdown

• Discount

• Markup

• Wholesale

Multiple Choice

A type of discount or percent decrease

• Sales Tax

• Markup

• Markdown

• Wholesale Price

Multiple Choice

Discount is ____________ from the price.

• added
• divided
• subtracted
• divided

Percent Markup on "n" using percent of first

Method 1

1. You are marking up the value of n, so the outcome will be greater than n.

2. Find the percent of n by setting up a proportion or using the percent equation.

3. Add the result to n.

n + (% of n)

Percent as a decimal times the number, then the result added to the number.

Percent Markup on "n" using percents first

Method 2

1. You are marking up the value of n, so the outcome will be greater than n.

2. Add the percent markup to 100%

3. Convert the percent to a decimal and multiply by n.

(100% + %) x n

Fill in the Blank

A ski shop has a markup rate of 50%. Find the selling price of skis that cost the storeowner $300. Fill in the blank to answer the question: The selling price is $_______.

Multiple Choice

A music store bought a CD set at a cost of $20. When the store sold the CD set, the percent markup was 40%. Find the selling price.

• $28

• $8

• $22

• $30

Multiple Choice

A grocery store has a 20% markup on bottle of soda.  The bottle of soda costs the store $1.25. Find the selling price. Round to nearest cent if necessary.

• $1.5
• $1.50
• $0.25
• $1.00

Percent Markdown (Discount) on "n" using percent of first

Method 1

1. You are marking down the value of n, so the outcome will be less than n.

2. Find the percent of n by setting up a proportion or using the percent equation.

3. Subtract the result from n.

n - (% x n)

Percent as a decimal times the number, then subtract the result from the number.

Percent Markdown (Discount) on "n" using percents first

Method 2

1. You are marking down the value of n, so the outcome will be less than n.

2. Subtract the percent markdown from 100%

3. Convert the percent to a decimal and multiply by n.

(100% - %) x n

Multiple Choice

A $10 shirt is on sale for 25% off the price. What is the sale price of the shirt?

• $7.50
• $2.50
• $12.50
• $17.50

Multiple Choice

Sam bought an $85.00 jacket for 40% off of the regular price.  How much did he pay for the jacket? 

• 75
• 51
• 36
• isaiah

REVIEW

MARKUP of n

(100% + %) x n

n + (% of n)

MARKDOWN of n

(100% - %) x n

n - (% of n)