##### Asked by: Iraida Valletta

asked in category: General Last Updated: 1st June, 2020# How do you do markup and discount?

**Explanation:**

- Step 1: Change the percent to a decimal.
- Step 2: Multiply the decimal by the original amount to get the
**discount**(the**discount**is the money that we save) - Step 3: Subtract the
**discount**from the original price. - Step 1: Change the percent
**discount**to a decimal.

Considering this, what is the difference between markup and discount?

**Markup** percentage is the percentage added to the net amount. The Amount is $5.00, that is the **difference between** the Net Amount and the Gross Amount. The **Discount** Percent is the percentage deducted from the Gross Amount.

Subsequently, question is, what is a 100% markup? For a **100**% **markup**, you raise the price by the cost, or by $100. Then, you sell the product for $200, or $100 more than its cost. This is what the **100**% **markup** looks like: Cost of Product = $100.

Moreover, how do you deduct markup?

Occasionally, you may want to work backward and find the percentage **markup** from the dollar value of an item already priced. To do this, **subtract** cost from price, leaving the dollar amount that was added to the cost. Divide this amount by the cost and multiply by 100 to express it as a percentage.

What is the formula for discount?

Remember the **formula** for finding the **discount** price of an item. Where S = sale price, r = **discount** percentage rate and p = original price, the **discount formula** is: S = p - rp.