Calculating Discounts & Markups
Ever wonder how to figure out sale prices? A discount is when the price goes DOWN from the original price, while a markup is when a store increases the price from what they paid (price goes UP).
There are two ways to solve these problems. First, you can find the discount amount and subtract it from the original price. For example, if shorts originally cost 35 = 26.25.
The second way is faster - just multiply by the remaining percentage. For the same shorts, 100% - 25% = 75%, so you calculate 75% of 26.25 and get the same answer!
Helpful Tip: When you need to find the original price from a sale price, divide the sale price by the remaining percentage (as a decimal). For example, if shoes are 40% off and now cost 33 ÷ 0.60 = $55 original price.
