WP3
Markups, Markdowns & Discounts
The test will probably include a question or two about a markup or markdown of a selling price. It is likely to be a word problem. The formulas are not provided in the test's drop-down formula sheet.
Markups, markdowns, and discounts are calculated as a decimal but expressed as a percentage:
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In any of these problems, you may be given the markup or markdown percentage and either the old or new price, then asked to calculate the other price.
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These resources may be helpful:
These resources may be helpful:
Here are practice questions.
CLICK ON A MENU ITEM AT THE TOP, OR ON A PURPLE WORD