Calculating Percent Discounts and Markups

The video tutorial explains how to calculate discounts and markups on items using two methods. It provides examples of calculating new prices after applying discounts and markups, including scenarios with unknown original prices or discount percentages. The tutorial also transitions from discount problems to markup problems, demonstrating how to find the new price or markup percentage.

If an item originally costs $70 and is discounted by 30%, what is the new price using the method of focusing on the amount saved?

• $70

• $49

• $30

• $21

What is the quicker method to find the new price of an item that is discounted by 30%?

• Focusing on the amount saved

• Focusing on the amount paid

• Using a calculator

• Guessing the price

An item originally costs $400 and is discounted by 40%. What is the new price using the method of focusing on the amount saved?

• $320

• $400

• $240

• $160

Using the method of focusing on the amount paid, what is the new price of an item that originally costs $400 and is discounted by 40%?

• $160

• $320

• $240

• $400

If the new price of an item is $180 after a 25% discount, what was the original price?

• $180

• $225

• $240

• $135

An item originally costs $620 and the new price is $434. What is the discount percentage?

• 50%

• 40%

• 30%

• 70%

If an item originally costs $28 and is marked up by 80%, what is the new price?

• $28.80

• $22.40

• $40.00

• $50.40

What is the markup percentage if an item originally costs $80 and the new price is $140?

• 100%

• 80%

• 75%

• 50%

If the new price of an item is $104 after a 30% markup, what was the original price?

• $104

• $100

• $80

• $130

What is the new price of an item that originally costs $28 and is marked up by 180%?

• $40.00

• $22.40

• $28.00

• $50.40