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What is marked price ?
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The definition of "marked price" is the original price tag on a store item. Consumers may be offered reductions off the marked price during a sales event. A "mark down" would be a reduction of the original selling price in order to stimulate sales or clear inventory.
Marked price is the original price without a discount.
Here is a typical math problem for illustration purposes:
A pen normally costs $20 but now it is on sale for only $12. Calculate the discount in a dollar amount as well as the discount expressed as a percentage of the marked price.
selling price= marked price - discount
therefore discount = market price - selling price
$8 = $20 - $12
discount as % of marked price
discount% = (discount $8/ marked price $20) x 100% = 40%
Posted by jgeertz on March 12, 2012 at 1:35 AM (Answer #1)
eNoter, Dean's List
cost price is the price the shop owner paid for the product.
marked price is the price the people who come into the store pay.
the differennce between marked price and cost price makes the profit :)
hope this helps
Posted by shadowed on March 12, 2012 at 1:27 AM (Answer #2)
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