Markup and Discount PREALGEBRA LESSON 6 9 For

Markup and Discount PRE-ALGEBRA LESSON 6 -9 (For help, go to Lesson 6 -7. ) Write an equation and solve. Round to hundredths as needed. 1. What is 75% of $82? 2. What is 42% of $170? 3. What is 5. 5% of $24? 4. What is 80% of $15. 99? Check Skills You’ll Need 6 -9

Markup and Discount PRE-ALGEBRA LESSON 6 -9 Solutions 1. What is 75% of $82? n = 0. 75 • 82 n = 61. 5 75% of $82 is $61. 50. 2. What is 42% of $170? n = 0. 42 • 170 n = 71. 4 42% of $170 is $71. 40. 3. What is 5. 5% of $24? n = 0. 055 • 24 n = 1. 32 5. 5% of $24 is $1. 32. 4. What is 80% of $15. 99? n = 0. 80 • 15. 99 n = 12. 79 80% of $15. 99 is $12. 79. 6 -9

Markup and Discount PRE-ALGEBRA LESSON 6 -9 Vocabulary _____ is the amount of increase in price. Percent of Increase is ________________________________ is the amount of price decrease. Percent of discount is _________________________________ 6 -9

Markup and Discount PRE-ALGEBRA LESSON 6 -9 A grocery store has a 20% markup on a can of soup. The can of soup costs the store $1. 25. Find the markup = percent of markup • store’s cost = 0. 2 • 1. 25 = 0. 25 Simplify. The markup is $. 25. Quick Check 6 -9

Markup and Discount PRE-ALGEBRA LESSON 6 -9 A bookstore pays $4. 60 for a novel. The percent of markup is 45%. Find the novel’s selling price. 0. 45 • 4. 60 = 2. 07 Multiply to find the markup. 4. 60 + 2. 07 = 6. 53 Store’s cost + markup = selling price. The selling price is $6. 67. Quick Check 6 -9

Markup and Discount PRE-ALGEBRA LESSON 6 -9 A camera that regularly sells for $210 is on sale for 30% off. Find the discount = percent of discount • regular price = 0. 30 • 210 = 63 The discount is $63. Quick Check 6 -9

Markup and Discount PRE-ALGEBRA LESSON 6 -9 Solve. 1. The school store has a 65% markup on each stapler. Each stapler costs the store $2. 10. Find the markup. $1. 37 2. A clothes store pays $40 for a skirt. The percent of markup is 25%. Find the skirt’s selling price. $50 3. A pair of shoes that regularly sells for $94. 99 is on sale for 30% off. What is the sale price? $66. 49 6 -9