1. % and $ word problems using ratio’s and math % sentences notes Absent Thur/Fri 5/2,3

2. Shopping vocabulary and setting up ratios Vocabulary 1
Shopping vocabulary and setting up ratios Vocabulary 1. Wholesale price, regular price, original price: this means this is the original price that an item sells for. 2. Retail price: the new price that an item sells for or it is the original price before a sale price is given Sale: this is a discount that comes off the original price. It is either given in % or in a $ amount. Finding a markup price or mark down price set up new price - original price Ratio set up with word problems finding % Change between the original price and new price original price % sentences with word problems What is _____ % of _____ unknown = change to decimal Multiply original price

3. Price Mark Up Example $13.25 markup
Sun Diego is selling board shorts. The wholesale price that they got them for was $ The retail price that they sold them for was $ What was the price markup?
$ new price
- $ original price
$13.25 markup
Solution
What is the new price of the board shorts?
The retail price is the new price. $28.75.
What is the original price of the board shorts?
The wholesale price is the original price. $15.50.
What do we do with the 2 different amounts?
We subtract them and find the markup.
$13.25 markup

4. Ratio % Example Change in price 64% markup
South Coast surf shop buys van shoes at a wholesale price of $25. South Coast sells the shoes for a retail price of $41. What is the % markup for the shoes?
$16 change
$25 original
.64
-150
100
-100
Solution
What is the new price of the vans?
The retail price is the new price. $41.
What is the original price of the vans?
The wholesale is the original price. $25.
What is the change between the 2 prices?
The change is $16.
How do we set up a ratio using these two prices so we can find the % markup?
Change in price
original price
64% markup

5. Ratio % Example 67% discount What is the new price of the stroller?
Bennett bought a stroller on sale for $25. The strollers retail price is $75. What is the % discount of the stroller?
$50 change
$75 original
.66
-450
500 50
Repeating decimal round to 67%
Solution
What is the new price of the stroller?
The new price is the sale price. $25.
What is the original price of the stroller?
The original price is the retail price. $75.00.
What is the change between the 2 prices?
The change is $50.
How do we set up a ratio using these two prices so we can find the % markup?
Change in price
original price
67% discount

6. Ratio % Example 75% increase Find the % increase.
8 is increased to 14.
6 change
8 original
.75
-56 40
-40
Solution
What is the original #?
The original # is 8.
What is the new #?
The new # is 14.
What is the change between the 2 #’s?
The change is 6.
How do we set up the ratio to find the % increase?
Change in #
original #
75% increase

7. % sentences Example What is the unknown in this problem?
A soccer ball originally cost $25. Chris bought the ball on sale for 30% off the original price. How much $ was deducted off the ball?
x = 30% x
what is % multiply price
x = .30(25)
x = or $7.50
Solution
What is the unknown in this problem?
The unknown is how much money was taken off the soccer ball.
What is the % discount?
30%
What is the original price of the soccer ball?
$25
What does the word “IS” mean?
IS means =.
What does the word “OF” mean?
OF means multiply.
$7.50 was deducted