Math

1. Markup and Discount

2. Terminology
Selling Price - The price
retailers charge customers
Cost - The price retailers
pay to a manufacturer
Markup, margin, or gross
profit - The difference between
the cost of bringing the goods
into the store and the selling
price
Operating expenses or
overhead - The regular
expenses of doing business
such as rent, wages,
utilities, etc.
Net profit or net income - The profit remaining after
subtracting the cost of bringing the goods into the
store and the operating expenses

3. Copy these Steps:
Finding Markups
 Step 1: Find the amount
of the markup (the
percent)
 Step 2: Turn the percent
into a decimal and
Multiply it by the
original price
 Step 3: Add the markup
amount to the original
price.
Finding Discounts
 Step 1: Find the amount
of the discount (the
percent)
 Step 2:Turn the percent
into a decimal and
Multiply it by the
original price
 Step 3: Subtract the
discount amount to the
original price.

5. Markup and Discount
 Markup and Discount are like tax,
commission, and tip questions.
 You can…
1) Change the percent to a decimal and
multiply.
2) Write an equation to find the missing
percent.
3) Write a proportion like percent
problems

6. Markup vs. Discount
 Markup
A retail store buys
items at wholesale
prices. To cover
expenses and make a
profit, the sells items
at higher retail
prices. The extra
amount is called the
markup.
 Discount
When an item is on
sale, the store is
selling the item for
less, so this is called
discount.

7. Ex1: You buy a pair of jeans that is 30% off the
original price of ₱ 29. What is the sale price of an item?
 Find the amount of
the discount:
30% of ₱ 29
0.3 x 29
8.7
Subtract the discount from the original price
29- 8.70 = ₱ 20.30
Discount

8. Ex: 2 A store that sells skateboards buys them from
a manufacturer at a wholesale price of ₱ 57. The store’s
markup is 150% . What is the retail price?
 Find the amount of
the markup( Percent)
and turn into decimal.
Markup = 150% of ₱ 57
1.50 x 57
85.50 Add the markup amount to the original price
57.00 + 85.50= ₱ 142.50
Markup

9. Markup
 Finding the amount of
markup.
 A store buys a shirt at
a wholesale price of
₱13.50 and sells the
shirt for ₱ 24.95. How
much was it marked
up?
 Finding the
percent of
markup.
 What is the
percent of markup
for the shirt in the
first problem?
₱ 11.45 84.8% or 85%
₱ 24.95- ₱ 13.50=
Ex: 3
₱ 11.45 is what percent of ₱ 13.50?

10. Markup
1) A store buys a pair of shoes at a
wholesale price of ₱ 37.50 and sells
them for ₱ 50. What is the amount of
markup?
2) What is the percent of markup for the
pair of shoes in problem 1?
3) Find the cost after markup: ₱ 15
movie, 20% markup

11. Discount
 Find the amount of
discount
 A ₱ 36 book is on
sale for ₱ 27. What
is the amount of
discount?
 Find the percent of
discount
 What is the percent
of discount for the
book in the problem
before?
₱ 9.00 25%

12. Discount
1) A ₱ 90 coat is on sale for ₱ 76.50. What is
the amount of discount?
2) What is the percent of discount for the coat
in problem 1?
3) Find the cost after discount: ₱ 85 radio,
10% discount.

13. Shopping Activity
 It is time to shop!
 You have ₱ 1000 dollars
to spend, no more!
 You need to shop at least
at 6 stores, where you can
buy at least one item. Be
sure to have at least 2
markups and 2 discounts.
 Find the cost after the
markup or discount.