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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 6.9

  2. markup Markup = (% of markup) (store’s cost) Turn the percent into a decimal or fraction

  3. Find the Markup $16.00 shirt; 165% markup

  4. Express pays $56 for a jacket. The store’s percent of markup is 75%. Find the markup for the jacket. • % of mark up: 75% • Store’s cost: $56

  5. Selling Price Store’s Cost + Markup = Selling Price

  6. Find the Selling Price or Total Cost $6.99 toy; 125% markup

  7. A store pays $5 for a baseball cap. The percent of markup is 70%. Find the selling price of the cap. • Store pays: $5 • Percent of markup 70% • Markup= (5)(.70) • Markup is $3.50 • Selling price: store cost + markup $5 + $3.50 $8.50

  8. Discount (% of discount) (Original Price)

  9. Find the Discount $32 dress; 55% off

  10. Sales Price Original - Discount

  11. A pair of shoes that regularly sell for $39.95 is on sale for 20% off. What is the sale price? Discount Sale price Original-discount =39.95-7.99 =$31.96 (%of discount)(original price) =(0.20)(39.95) =7.99

  12. Find the sales price or total cost of a $175 chair that is 75% off

  13. Homework Page 359 (8-21) all