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A store sells a skirt that costs the store $40 and marks up the price 25%. What is the selling price for this skirt? Markup and Discount COURSE 3 LESSON.

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Presentation on theme: "A store sells a skirt that costs the store $40 and marks up the price 25%. What is the selling price for this skirt? Markup and Discount COURSE 3 LESSON."— Presentation transcript:

1 A store sells a skirt that costs the store $40 and marks up the price 25%. What is the selling price for this skirt? Markup and Discount COURSE 3 LESSON 6-6 Method 1 Find the markup first. Then find the selling price. 25% of $40 equals the markup. = $10 $ = $50 The store sells the skirt for $ = 10Multiply to find the markup. stores cost + markup = selling price 6-6

2 (continued) Markup and Discount COURSE 3 LESSON 6-6 Method 2 Find the selling price directly. The selling price equals 100% of the stores cost plus a markup of 25% of the stores cost. The store sells the skirt for $50. So, the selling price of the skirt is 100% + 25%, or 125%, of $40. = $50 Multiply to find the selling price. 125% of $40 equals the selling price =

3 A pair of skis regularly costs $180. The sale price is $108. Find the percent of discount. Markup and Discount COURSE 3 LESSON 6-6 discount = regular price – sale price = $180 – $108Substitute. = $72Subtract. percent of discount = discount regular price = 0.4 Write the fraction as a decimal. = 40% Write the decimal as a percent. 6-6

4 A shoe store advertises a 35%-off sale. What is the sale price of shoes that regularly cost $94.99? Markup and Discount COURSE 3 LESSON 6-6 Method 1 Find the discount first. Then find the sale price. 35% of $94.99 equals the discount. The sale price is $ = $ – = = Multiply to find the discount. regular price – discount = sale price Round to the nearest cent. 6-6

5 (continued) Markup and Discount COURSE 3 LESSON 6-6 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 $ The sale price is 100% – 35%, or 65%, of $ = $61.74 Multiply to find the sale price. 65% of $94.99 equals the sale price = Round to the nearest cent. 6-6

6 You buy a CD at the sale price of $6. This is 25% off the regular price. Find the regular price of the CD. Markup and Discount COURSE 3 LESSON 6-6 regular price – 25% of regular price = sale price The regular price of the CD is $8. r – (0.25 r ) = 6Substitute. Write the percent as a decimal. Let r = the regular price. 0.75r = 6Combine like terms: r – 0.25r = 0.75r. = Divide each side by r r = 8Simplify. 6-6

7 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% COURSE 3 LESSON 6-6 $


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