MARKUP MARKUP n The difference in the amount
- Slides: 12
MARKUP
MARKUP n The difference in the amount that a store charges compared to what the store paid n How much a store raises the price to make a profit. n Markup = (Percent markup) X (Store’s price)
FINDING THE MARKUP n A store pays $56 for a jacket. The store’s markup is 89%. What was the markup for the jacket?
A store has a markup of 220%. Find the markup in items that cost the store: n $12 n $51 n $5 n $150
A store has a markup of 220%. Find the markup in items that cost the store: n $12 n $51 n $5 n $150
A store has a markup of 220%. Find the markup in items that cost the store: n $12 n $51 n $5 n $150
A store has a markup of 220%. Find the markup in items that cost the store: n $12 n $51 n $5 n $150
A store has a markup of 220%. Find the markup in items that cost the store: n $12 n $51 n $5 n $150
FINDING THE SELLING PRICE Selling price – store’s cost PLUS the markup n 2 Methods: A. Find the markup B. Add the store’s cost and the markup. n Or A. Add the percent markup to 100% B. Then multiply the store’s cost by that percent
EXAMPLE 1 n A store pays $11 for an item. It is then marked up 80%. What is the selling price?
EXAMPLE 2 n A t-shirt is bought by a company for $5. It is then sold at a concert after a markup of 600%. What was the selling price of the t-shirt?
ASSIGNMENT 6 -9 A: 1 – 10, 18, 19
