Markdown Calculations and Percentages

The video tutorial explains the concept of percent markdown, which is commonly known as a discount. It demonstrates how to calculate markdown percentages using proportions, with examples involving a video game and a pair of jeans. The tutorial emphasizes the importance of setting up proportions correctly and provides step-by-step guidance on solving markdown problems.

What is another term commonly used for percent markdown?

• Tax

• Tip

• Discount

• Markup

In markdown calculations, what is the original price compared to?

• The markup percentage

• The sale price

• 100%

• The tax rate

What is the first step in solving a markdown problem using proportions?

• Calculate the tax

• Write the proportion

• Find the sale price

• Determine the markup

In the video game example, what was the original price of the game?

• $90

• $75

• $15

• $100

How much was the game marked down by in dollars?

• $100

• $75

• $90

• $15

What is the markdown percentage calculated for the video game?

• 10%

• 16.6%

• 25%

• 20%

In the jeans example, what was the original price of the jeans?

• $24.75

• $20.25

• $45

• $55

What percentage were the jeans marked down by?

• 45%

• 55%

• 75%

• 65%

How much money do you save on the jeans after the markdown?

• $45

• $25

• $24.75

• $20.25

What is the final price of the jeans after applying the markdown?

• $20.25

• $24.75

• $45

• $55