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Word Problems: Discount or Markup

Word Problems: Discount or Markup. Percentages. Remember the set up. A bread machine regularly selling for $22.85 is advertised at 25% off. Find the sale price. First find discount. % off means to subtract. Cost - discount.

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Word Problems: Discount or Markup

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  1. Word Problems:Discount or Markup Percentages

  2. Remember the set up. A bread machine regularly selling for $22.85 is advertised at 25% off. Find the sale price. • First find discount. • % off means to subtract. Cost - discount

  3. The regular price of a suit is $55. It is on sale at 24% off. Find the sale price. • Remember the set up. • First find discount. • % off means to subtract. Cost - discount

  4. A department store purchases a coat for $75. To make a profit, the price is increased by 133%. What is the new price of the coat? • This is a Mark Up ADD it back to the cost. • First find mark up. • Mark up means to add back to. Cost + Mark up

  5. Mark ups are like taxes, they are ADDED back to the cost. A store buys sweaters for $13 each and marks them up by 41% for retail sale. What is the retail price of each sweater? • First find the mark up. • Mark up means to add back to. Cost + Mark up

  6. 41% = 0.41 ($13)(0.41) = $5.33 $13 + $5.33 = $18.33 Change the % to a decimal. Multiply the amount times the decimal form. Now Add for and INCREASE or Subtract for a DECREASE. You can also work the problem this way.

  7. A store purchases a suit for $90. To make a profit, the price of the suit is increased by 87% What is the new price of the suit? Change the % to a decimal. Multiply the amount times the decimal form. Now Add for and INCREASE or Subtract for a DECREASE. You try it!! 87% = 0.87 ($90)(0.87) = $78.30 $90 + $78.30 = $168.30

  8. Change the % to a decimal. Multiply the amount times the decimal form. Now Add for and INCREASE or Subtract for a DECREASE. 52% = 0.52 ($16)(0.52) = $8.32 $16 + $8.32 = $24.32 A store buys blouses for $16 and marks them up by 52% for retail sale. What is the retail price of each blouse?

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