This document provides instructions on calculating markups and discounts. It defines markup as the amount of increase over the store's cost, and discount as the amount of decrease from the regular price. It gives examples of finding the markup on items when given the store's cost and percent of markup. Similarly, it provides examples of finding the discount and sale price on items originally priced at a regular price when given the percent discounted. The goal is to practice calculating markups, discounts, selling prices, and sale prices.

1. 6.9 markup and discount January 19, 2012
Bellwork
1. What is 75% of $82?
2. What is 5.5% of $24?
Objective: find markups and discounts
HW pg. 331 #2­20 evens 1

2. 6.9 markup and discount January 19, 2012
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.
HW pg. 331 #2­20 evens 2

3. 6.9 markup and discount January 19, 2012
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.
HW pg. 331 #2­20 evens 3

4. 6.9 markup and discount January 19, 2012
A $5 cap has a 70% markup. Find the selling price.
HW pg. 331 #2­20 evens 4

5. 6.9 markup and discount January 19, 2012
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.
HW pg. 331 #2­20 evens 5

6. 6.9 markup and discount January 19, 2012
A video game that regularly sells for $39.95 is on sale for 20% off.
What is the sale price?
HW pg. 331 #2­20 evens 6

7. 6.9 markup and discount January 19, 2012
HW pg. 331 # 2-20 evens
HW pg. 331 #2­20 evens 7