Solving Percentage Problems

What is a discount?

• The amount added to the original price for profit

• The price of an item before any changes are made

• The amount subtracted from the original price to reduce the cost

• The total price of all items in a store

Which of the following represents the discount rate?

• ₱500

• 20%

• Original Price × Selling Price

• Sale Price + Cost Price

What is the sale price?

• The price of an item before the discount is applied

• The price of an item after the discount is applied

• The cost of an item multiplied by the markup

• The price of an item increased by the tax

How can you calculate the discount amount?

• Multiply the sale price by the discount rate

• Divide the original price by the selling price

• Subtract the sale price from the original price

• Add the original price to the discount rate

What happens to the sale price when the discount rate increases?

• The sale price decreases

• The sale price increases

• The sale price remains the same

• The sale price equals the original price

What is a markup?

• A percentage deducted from the price to attract buyers

• The amount added to the cost price to set the selling price

• The amount subtracted from the original price to reduce the cost

• The original price divided by the selling price

What does the markup rate represent?

• The percentage of profit added to the cost price

• The percentage of discount applied to the original price

• The total amount of tax added to an item

• The total amount of cost divided by the selling price

What is the purpose of a markup?

• To give customers a reduced price

• To help businesses earn profit

• To match the original price of the item

• To decrease the price of the item

How can you calculate the selling price when a markup is applied?

• Add the markup amount to the cost price

• Subtract the markup amount from the cost price

• Multiply the original price by the markup rate

• Divide the cost price by the markup rate

If a store applies a markup, what will happen to the selling price?

• It will increase

• It will decrease

• It will remain the same

• It will equal the cost price