Markup & Markdown Vocab

Which word means: a ratio that compares a number to 100

• Percent

• Ratio

• Proportion

Sale Price means...

• the final price after a markdown or discount has been applied.

• an equation that shows two ratios are equal

• the amount added to the original price expressed as a percentage

Discount means...

• the amount taken off the original price of an item

• the starting price of an item before any discounts or markups

• an equation that shows two ratios are equal

Markdown means an increase in the price of an item.

• True
• False

Which word means: the starting price of an item before any discounts or markups

• sale price

• percent

• original price

Proportion means...

• a comparison of two numbers

• an equation that shows two ratios are equal.

• the amount added to the original price expressed as a percentage.

A ratio is a comparison of two numbers

• True
• False

Which word means: The amount added to the original price expressed as a percentage.

• ratio

• sale price

• percent increase

Which word means: The amount reduced from the original price expressed as a percentage?

• percent decrease

• percent increase

• percent

Markup means...

• the amount of an item

• an increase in the price of an item, usually to make a profit

• the final price after a markdown or discount has been applied.