Markup and Discount 6 6 markup Markup of

Markup and Discount 6. 6

markup Markup = (% of markup) (store’s cost)

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

Selling Price Store’s Cost + Markup = Selling Price

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

Discount (% of discount) (Original Price)

Sales Price 2 methods Method 1: Method 2: (100 -% of discount)(original) Original - Discount

A pair of shoes that regularly sell for $39. 95 is on sale for 20% off. What is the sale price? Method 1: Method 2: Discount (%of discount)(original price) =(0. 20)(39. 95) =7. 99 Sales Price Original-discount =39. 95 -7. 99 =$31. 96 Sales Price (100%-% of discount)(Original) =(100%-20%) (39. 95) =(80%) (39. 95) =(0. 80) (39. 95) =$31. 96

Wayne had a 25% discount on hockey equipment. The selling price was $172. 50. What was the original price? • Discount is 25% • Then the selling price is 75% of the original

A CD with an original price of $11. 95 is discounted 20%. Sales tax of 5. 5% is added to the discounted price. How much does it cost to purchase the CD? • Step 1 Find Selling Price (11. 95) (. 80) =$9. 56 • Step 2 Find Tax (9. 56)(0. 055) = 0. 5258 =0. 53 • Step 3 Add Sales Tax to Discounted Price 9. 56+0. 53 =$10. 09

Homework • Page 250 (17 -23) all