How do you determine a percent markup and markdown? Explain the difference.

Question

helpmeplease14 · Answer

@rational

helpmeplease14 · Answer

@Shah_Needs_Help

helpmeplease14 · Answer

@Michele_Laino

michele_laino · Answer

I'm sorry, I don't know your answer

skullpatrol · Answer

You first must reference the ORIGINAL price and use that number in your percent calculation.

helpmeplease14 · Answer

OK

michele_laino · Answer

hint:
markup percentage:
(new price - original price) divided by 100

skullpatrol · Answer

$$\Huge \frac{x}{100}=\frac{change-in-price}{original-price}$$

michele_laino · Answer

you are right @skullpatrol  I have made an error:
markup percentage:
(new price - original price) divided by original price
sorry @HelpMePlease14

helpmeplease14 · Answer

NP

helpmeplease14 · Answer

What's the difference between markup and markdown?

michele_laino · Answer

whereas:
markdown percentage is:
(original price-new price) divided by original price

skullpatrol · Answer

mark up means the final price is higher than the original price

skullpatrol · Answer

mark down means the final price is lower than the original price

helpmeplease14 · Answer

OK thank you both for the help. I wish I could give u both a medal.

skullpatrol · Answer

it's easier to use the words "mark-up" and "mark-down" rather than give negative percents

helpmeplease14 · Answer

Ok