Discount and sale price

What is a discount?

A reduction in the original price of a product, expressed as a percentage of that price.

How is sale price calculated?

Sale Price = Original Price - Discount Amount.

True or false: A 20% discount means you save $\displaystyle 20 on a$100 item.

True, because 20% of $\displaystyle 100 is$20.

Difference between discount and markdown

A discount is a temporary price reduction; a markdown is a permanent price cut.

Fill in the blank: If an item costs $50 with a 30% discount, the sale price is ______.

$\displaystyle 35 - calculated as$50 - ($50 * 0.30).

Which is NOT a type of discount?

Bargain - discounts are typically classified as seasonal, promotional, or volume.

What is the discount amount on a $80 item at 15% off?

$\displaystyle 12 - calculated as$80 * 0.15.

True or false: Sale prices are always lower than original prices.

True, because sale prices are obtained after applying discounts.

Example of calculating a final price

Original price = $\displaystyle 200, Discount = 25$150.

What is a clearance sale?

A sale to clear out inventory, often with significant discounts.

How to find the percentage discount?

Percentage Discount = (Discount Amount / Original Price) * 100.

Fill in the blank: An item priced at $\displaystyle 60 with a$15 discount costs ______.

$\displaystyle 45 - calculated as$60 - $15.