Transcript Markup and Discount(6
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.
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.
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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.
125% of $40 equals the selling price.
1.25 • 40 = 50 Multiply to find the selling price.
= $50 The store sells the skirt for $50.
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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 = $180 – $108 Substitute.
= $72 percent of discount = 72 180 Subtract.
discount regular price = 0.4
= 40% Write the fraction as a decimal.
Write the decimal as a percent.
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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.
0.35 • 94.99 = 33.2465
= $33.25
94.99 – 33.25 = 61.74
Multiply to find the discount.
Round to the nearest cent.
regular price – discount = sale price The sale price is $61.74.
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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.
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.
The sale price is $61.74.
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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.
r
– (0.25 •
r
) = 6 Substitute. Write the percent as a decimal.
0.75
r
= 6 0.75
r
0.75
= 6 0.75
r
= 8 Combine like terms: Simplify.
The regular price of the CD is $8.
r
– 0.25
Divide each side by 0.75.
r
= 0.75
r
.
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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?
62.5%
2.
A sweater regularly sells for $49. It is on sale for 20% off. What is the sale price?
$39.20
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