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Easy Discount and Markup Calculators for Kids: Find Sale Prices and Markup Magic!

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Easy Discount and Markup Calculators for Kids: Find Sale Prices and Markup Magic!

This guide explains how to calculate discounts and markups, as well as how to find original prices from discounted prices. It covers various scenarios and provides step-by-step instructions with examples.

Key points:

  • Discounts reduce the original price by a percentage
  • Markups increase the wholesale price by a percentage
  • Finding original prices involves working backwards from the sale price and discount percentage
  • The guide includes examples of calculating discounts, markups, and original prices
  • Tax calculations are also briefly covered

5/23/2023

56

J
Discounts and Markups
discount
= how much
To find the sale price:
1. find the discount discount = %.
original price
2. Subtract the discou

Discounts and Markups

This page introduces the concepts of discounts and markups in pricing calculations. It provides formulas and examples for calculating sale prices with discounts and retail prices with markups.

Definition: A discount is the amount subtracted from an item's original price.

To calculate the sale price with a discount:

  1. Calculate the discount amount by multiplying the original price by the discount percentage.
  2. Subtract the discount amount from the original price.

Example: For an item with an original price of $60 and a 25% discount:

  • Discount amount: $60 × 25% = $15
  • Sale price: $60 - $15 = $45

Definition: A markup is the amount added to an item's wholesale price to determine the retail price.

To calculate the retail price with a markup:

  1. Calculate the markup amount by multiplying the wholesale price by the markup percentage.
  2. Add the markup amount to the wholesale price.

Example: For an item with a wholesale price of $10 and a 150% markup:

  • Markup amount: $10 × 150% = $15
  • Retail price: $10 + $15 = $25

The page also includes additional examples of discount and markup calculations, demonstrating how to apply these concepts to various pricing scenarios.

Highlight: Understanding these basic calculations is crucial for how to calculate sale price with discount online and how to calculate selling price using markup percentage.

J
Discounts and Markups
discount
= how much
To find the sale price:
1. find the discount discount = %.
original price
2. Subtract the discou

View

Finding the Original Price

This page focuses on reverse calculations, teaching how to find the original price of an item when given the sale price and discount percentage. It also covers scenarios involving taxes.

To find the original price from a discounted price:

  1. Determine the percentage of the original price that the sale price represents (100% - discount percentage).
  2. Divide the sale price by this percentage.

Example: For a sale price of $66 with a 30% discount:

  • Sale price represents 70% of the original price (100% - 30%)
  • Original price: $66 ÷ 70% = $94.29

The page provides several examples of finding original price after discount calculations, including:

  • Original price of $40 with a 45% discount resulting in a $22 sale price
  • Finding the original price when given a $70 sale price and 30% discount
  • Calculating the original price from a $163.20 sale price and 38% discount

Highlight: These examples demonstrate the practical application of the original price formula and how to use a reverse markup calculator.

The page also touches on tax calculations:

Example: For an item with an original price of $48, a 20% discount, and 9% tax:

  • Discounted price: $48 × (1 - 20%) = $38.40
  • Tax amount: $38.40 × 9% = $3.46
  • Total price: $38.40 + $3.46 = $41.86

This comprehensive guide provides students with the tools to perform various pricing calculations, from basic discounts and markups to more complex scenarios involving finding original prices and accounting for taxes.

Can't find what you're looking for? Explore other subjects.

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Knowunity is the # 1 ranked education app in five European countries

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Students use Knowunity

#1

In Education App Charts in 12 Countries

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I love this app so much [...] I recommend Knowunity to everyone!!! I went from a C to an A with it :D

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The application is very simple and well designed. So far I have found what I was looking for :D

SuSSan, iOS User

Love this App ❤️, I use it basically all the time whenever I'm studying

Easy Discount and Markup Calculators for Kids: Find Sale Prices and Markup Magic!

This guide explains how to calculate discounts and markups, as well as how to find original prices from discounted prices. It covers various scenarios and provides step-by-step instructions with examples.

Key points:

  • Discounts reduce the original price by a percentage
  • Markups increase the wholesale price by a percentage
  • Finding original prices involves working backwards from the sale price and discount percentage
  • The guide includes examples of calculating discounts, markups, and original prices
  • Tax calculations are also briefly covered

5/23/2023

56

 

7th

 

Arithmetic

4

J
Discounts and Markups
discount
= how much
To find the sale price:
1. find the discount discount = %.
original price
2. Subtract the discou

Discounts and Markups

This page introduces the concepts of discounts and markups in pricing calculations. It provides formulas and examples for calculating sale prices with discounts and retail prices with markups.

Definition: A discount is the amount subtracted from an item's original price.

To calculate the sale price with a discount:

  1. Calculate the discount amount by multiplying the original price by the discount percentage.
  2. Subtract the discount amount from the original price.

Example: For an item with an original price of $60 and a 25% discount:

  • Discount amount: $60 × 25% = $15
  • Sale price: $60 - $15 = $45

Definition: A markup is the amount added to an item's wholesale price to determine the retail price.

To calculate the retail price with a markup:

  1. Calculate the markup amount by multiplying the wholesale price by the markup percentage.
  2. Add the markup amount to the wholesale price.

Example: For an item with a wholesale price of $10 and a 150% markup:

  • Markup amount: $10 × 150% = $15
  • Retail price: $10 + $15 = $25

The page also includes additional examples of discount and markup calculations, demonstrating how to apply these concepts to various pricing scenarios.

Highlight: Understanding these basic calculations is crucial for how to calculate sale price with discount online and how to calculate selling price using markup percentage.

J
Discounts and Markups
discount
= how much
To find the sale price:
1. find the discount discount = %.
original price
2. Subtract the discou

Finding the Original Price

This page focuses on reverse calculations, teaching how to find the original price of an item when given the sale price and discount percentage. It also covers scenarios involving taxes.

To find the original price from a discounted price:

  1. Determine the percentage of the original price that the sale price represents (100% - discount percentage).
  2. Divide the sale price by this percentage.

Example: For a sale price of $66 with a 30% discount:

  • Sale price represents 70% of the original price (100% - 30%)
  • Original price: $66 ÷ 70% = $94.29

The page provides several examples of finding original price after discount calculations, including:

  • Original price of $40 with a 45% discount resulting in a $22 sale price
  • Finding the original price when given a $70 sale price and 30% discount
  • Calculating the original price from a $163.20 sale price and 38% discount

Highlight: These examples demonstrate the practical application of the original price formula and how to use a reverse markup calculator.

The page also touches on tax calculations:

Example: For an item with an original price of $48, a 20% discount, and 9% tax:

  • Discounted price: $48 × (1 - 20%) = $38.40
  • Tax amount: $38.40 × 9% = $3.46
  • Total price: $38.40 + $3.46 = $41.86

This comprehensive guide provides students with the tools to perform various pricing calculations, from basic discounts and markups to more complex scenarios involving finding original prices and accounting for taxes.

Can't find what you're looking for? Explore other subjects.

Knowunity is the # 1 ranked education app in five European countries

Knowunity was a featured story by Apple and has consistently topped the app store charts within the education category in Germany, Italy, Poland, Switzerland and United Kingdom. Join Knowunity today and help millions of students around the world.

Ranked #1 Education App

Download in

Google Play

Download in

App Store

Knowunity is the # 1 ranked education app in five European countries

4.9+

Average App Rating

13 M

Students use Knowunity

#1

In Education App Charts in 12 Countries

950 K+

Students uploaded study notes

Still not sure? Look at what your fellow peers are saying...

iOS User

I love this app so much [...] I recommend Knowunity to everyone!!! I went from a C to an A with it :D

Stefan S, iOS User

The application is very simple and well designed. So far I have found what I was looking for :D

SuSSan, iOS User

Love this App ❤️, I use it basically all the time whenever I'm studying