The document provides examples and explanations for calculating markup, discount, and sale price based on cost or regular price. It defines markup as the amount added to the cost to arrive at the selling price. Discount is defined as the amount of price decrease during a sale. Examples are provided to demonstrate calculating markup and discount percentages, as well as determining selling price or sale price from original cost or regular price.

1. Lesson 6.9 Markup and Discount

2. Bell Work 3-14-08 (Use J13) Find the percent of increase from 22 to 63. Find the percent of decrease from 6.3 to 2.2. 1. 63 – 22 = 41 41 ÷ 22 = 1.863636… = 186.4% 2. 6.3 – 2.2 = 4.1 4.1 ÷ 6.3 = .6507936 = 65.1%

3. Journal 14 Markup and Discount

4. markup – the amount of increase in price. Markup is added to the cost of merchandise to arrive at the selling price. Ex. 1: Find the markup Markup = percent of markup · store’s cost Percent of markup is 67%. A CD costs the store $10.15. Find the markup. = .67 · 10.15 = 6.80 round to nearest cent The markup is $6.80.

5. 1. A clothing store pays $56 for a jacket. The store’s percent of markup is 75%. Find the markup for the jacket. Store pays $56 % markup = 75% Markup = ? = .75 · 56 = $42.00

6. Ex. 2: Find the Selling Price Cost + markup = selling price The store’s cost is $6 for a computer mouse. The percent of markup is 75%. What is the selling price? .75 · 6 = 4.50 Multiply to find the markup. 6.00 + 4.50 = 10.50 Cost + markup = selling price The selling price is $10.50.

7. discount - the amount of the price decrease when an item goes on sale Ex. 3: Finding Discounts The percent of decrease is the percent of discount . sale price = regular price – discount

8. Athletic shoes that regularly sell for $85.99 on are sale for 20% off. Find the discount. sell for $85.99 20% off discount ? Discount = percent of discount · regular price = 0.20 · 85.99 = 17.20 Round to the nearest cent. The discount is $17.20

9. 2. Pants priced at $21.99 are marked 15% off. Find the discount. = .15 · 21.99 = 3.2985 = $3.30

10. More Than One Way A video game that regularly sells for $39.95 is on sale for 20% off. What is the sale price? Eric's Method Find the discount. Then find the sale price. The sale price is $31.96.

11. Michelle's Method Find the sale price directly. The sale price equals 100% of the regular price minus 20% of the regular price. The sale price is $31.96. Choose a Method 3. Which method do you prefer? Explain. 4. Find the sale price if the percent of discount is 25%. Round to the nearest cent.

12. Assignment #24 Complete workbook pages 109-110. Please show all calculations on the workbook pages or on attached scratch paper.