Markup and Discount

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# Markup and Discount - PowerPoint PPT Presentation

25% of \$40 equals the markup. 0.25 • 40 = 10. Multiply to find the markup. = \$10. \$40 + 10 = \$50. store’s cost + markup = selling price. The store sells the skirt for \$50. COURSE 3 LESSON 6-6. Markup and Discount.

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25% of \$40 equals the markup.

0.25 • 40 = 10

Multiply to find the markup.

= \$10

\$40 + 10 = \$50

store’s cost + markup = selling price

The store sells the skirt for \$50.

COURSE 3 LESSON 6-6

Markup and Discount

A store sells a skirt that costs the store \$40 and marks up the price 25%. What is the selling price for this skirt?

Method 1 Find the markup first. Then find the selling price.

6-6

125% of \$40 equals the selling price.

1.25 • 40 = 50

Multiply to find the selling price.

= \$50

COURSE 3 LESSON 6-6

Markup and Discount

(continued)

Method 2 Find the selling price directly.

The selling price equals 100% of the store’s cost plus a markup of 25% of the store’s cost.

So, the selling price of the skirt is 100% + 25%, or 125%, of \$40.

The store sells the skirt for \$50.

6-6

= \$180 – \$108

Substitute.

= \$72

Subtract.

discount

72

180

percent of discount =

regular price

= 0.4

Write the fraction as a decimal.

= 40%

Write the decimal as a percent.

COURSE 3 LESSON 6-6

Markup and Discount

A pair of skis regularly costs \$180. The sale price is \$108. Find the percent of discount.

discount = regular price – sale price

6-6

0.35 • 94.99 = 33.2465

Multiply to find the discount.

Round to the nearest cent.

= \$33.25

94.99 – 33.25 = 61.74

regular price – discount = sale price

COURSE 3 LESSON 6-6

Markup and Discount

A shoe store advertises a 35%-off sale. What is the sale price of shoes that regularly cost \$94.99?

Method 1 Find the discount first. Then find the sale price.

35% of \$94.99 equals the discount.

The sale price is \$61.74.

6-6

65% of \$94.99 equals the sale price.

0.65 • 94.99 = 61.744

Multiply to find the sale price.

= \$61.74

Round to the nearest cent.

COURSE 3 LESSON 6-6

Markup and Discount

(continued)

Method 2 Find the sale price directly.

The sale price equals 100% of the regular price minus a discount of 35% of the regular price.

The sale price is 100% – 35%, or 65%, of \$94.99.

The sale price is \$61.74.

6-6

r –(0.25 • r) = 6

Substitute. Write the percent as a decimal.

0.75r = 6

Combine like terms: r – 0.25r = 0.75r.

0.75r

0.75

6

0.75

Divide each side by 0.75.

=

r = 8

Simplify.

COURSE 3 LESSON 6-6

Markup and Discount

You buy a CD at the sale price of \$6. This is 25% off the regular price. Find the regular price of the CD.

regular price – 25% of regular price = sale price

Let r = the regular price.

The regular price of the CD is \$8.

6-6

COURSE 3 LESSON 6-6

Markup and Discount

1. A pair of shoes costs the store \$40. The store sells them for \$65.

What is the percent markup?

2. A sweater regularly sells for \$49. It is on sale for 20% off.

What is the sale price?

62.5%

\$39.20

6-6