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Markup and Discount

Markup and Discount

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Markup and Discount

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  1. Markup and Discount By: Mr. Menjivar

  2. 09/15/11 09/15/11 Observe, Question, Comment Markup and Discount Markup and Discount Reflection Warm-Up: 11L 11R

  3. $ 61.50 $ 71.40 $ 1.32 $12.792 which is about $12.79

  4. 09/15/11 09/15/11 Observe, Question, Comment Markup and Discount Markup and Discount Reflection Warm-Up: Standard: 11L 11R

  5. CA Content Standards • Number Sense 1.6: Calculate the percentage of increase and decrease of a quantity. • Number Sense 1.7: Solve problems that involve discounts, markups, and commissions.

  6. 09/15/11 09/15/11 Observe, Question, Comment Markup and Discount Markup and Discount Reflection Warm-Up: Standard: Objective: 11L 11R

  7. Objectives • To find markups and discounts

  8. 09/15/11 09/15/11 Observe, Question, Comment Markup and Discount Markup and Discount Reflection Warm-Up: Standard: Objective: Vocabulary: 11L 11R

  9. Vocabulary (Shout Outs) • Percent:“PER” Hundred • Commission: Percent times amount • Interest: Prt

  10. Vocabulary (Shout Outs) • Markup: Makes Price go up • Discount:Makes Price go down

  11. 09/15/11 09/15/11 Observe, Question, Comment Markup and Discount Markup and Discount Reflection Warm-Up: Standard: Objective: Vocabulary: Notes/Examples: 11L 11R

  12. Percent of _____ “PERCENT” means per hundred “OF” means to multiply SUBTRACT ADD NOTHING Sales Price Discounted Price Interest Commission Tip Selling Price Markup Price

  13. Remember The Steps • “What is” question. • Make an Equation • Solve (Multiply) • Add, Subtract, or Nothing To Original Amount

  14. Example 1 A music store’s percent of markup is 67%. A CD cost the store $10.15. Find the markup.

  15. Example 2 A computer store pays $6 for a computer mouse. The percent of markup is 75%. Find the mouse’s markup price.

  16. Example 3 Athletic shoes that regularly sell for $85.99 are on sale for 20% off. Find the discount.

  17. 09/15/11 09/15/11 Observe, Question, Comment Markup and Discount Markup and Discount Reflection Warm-Up: Standard: Classwork: Objective: Vocabulary: Notes/Examples: 11L 11R

  18. Shop Till You Drop

  19. Homework • Pg. 349 [1-13 all] • Pg. 350 [1-12 all]

  20. Exit Slip