SOLUTION: Hello, My question is that, i don't fully understand the concept of markup and discount. I keep forgetting the formula of what you have to do for getting the answer in markup or d

Question 197309This question is from textbook Pre-Algebra
: Hello,
My question is that, i don't fully understand the concept of markup and discount. I keep forgetting the formula of what you have to do for getting the answer in markup or discount. I need to know how to solve problems which involve using markup or discount This question is from textbook Pre-Algebra

Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
My question is that, i don't fully understand the concept of markup and discount. I keep forgetting the formula of what you have to do for getting the answer in markup or discount. I need to know how to solve problems which involve using markup or discount
------------------
Examples:
25% Markup
Let "x" be the basic price.
The new price will be x + 0.25x = 1.25x
-------------------------------
25% Discount
Let "x" be the basic price.
The new price will be x - 0.25x = 0.75x
===========================================
Cheers,
Stan H.
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