Markups and Discounts

1. 6.8 markup and discount
December 16, 2013
Bellwork
1. What is 75% of $82?
2. What is 5.5% of $24?
Objective: find markups and discounts
Feb 15­9:47 AM
HW pg. 322 #6­18
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2. 6.8 markup and discount
December 16, 2013
To make a profit, stores charge more for merchandise than they pay for it.
The amount of increase is called the markup.
The percent of increase is the percent of markup.
A music store's percent of markup is 67%. A CD costs the store $10.15.
Find the markup.
markup = percent of markup store's cost
A clothing store pays $56 for a jacket. The store's percent of markup is 75%.
Find the markup for the jacket.
Feb 15­9:49 AM
HW pg. 322 #6­18
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3. 6.8 markup and discount
December 16, 2013
The store's cost plus the markup equals the selling price.
A computer store pays $6 for a computer mouse.
The percent of markup is 75%. Find the mouse's selling price.
Feb 15­9:53 AM
HW pg. 322 #6­18
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4. 6.8 markup and discount
December 16, 2013
A $5 cap has a 70% markup. Find the selling price.
Feb 15­9:56 AM
HW pg. 322 #6­18
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5. 6.8 markup and discount
December 16, 2013
When an item goes on sale the amount of the price decrease is the discount.
The percent of decrease is the percent of discount.
Sale price = regular price ­ discount price.
Athletic shoes that regularly sell for $85.99 are on sale for 20% off. Find the discount.
Pants priced at $21.99 are marked 15% off. Find the discount.
Feb 15­9:57 AM
HW pg. 322 #6­18
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6. 6.8 markup and discount
December 16, 2013
A video game that regularly sells for $39.95 is on sale for 20% off.
What is the sale price?
Feb 15­9:59 AM
HW pg. 322 #6­18
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7. 6.8 markup and discount
December 16, 2013
HW pg. 322 #6­18
Feb 15­10:00 AM
HW pg. 322 #6­18
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