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**Percent Discount and Markup**

Essential Skill: Demonstrate Understanding of Concept Markup and discount is an application of percent change discount- the amount of decrease from the original price to the sale price sale price - the original price minus the discount markup- the amount of increase from the original price to the retail price retail price - the price sold to the customer in the stores (price after the markup) whole sale price - the price the stores purchase the items from the manufacturers (price before the mark up)

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**1. ) The regular price of an iPhone is $220. 00**

1.) The regular price of an iPhone is $ This
week it is on sale for 10% off. What is the
discount? What is the sale price? 2.) Eric's Winter Wonder Store buys snow globes
from the manufacturer for $9.20 each and sells them
at a 90% increase in price. What is the markup?
What is the retail price of the snow globes?

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**3. ) The regular price of a pair of sneakers was $80. 00**

3.) The regular price of a pair of sneakers was
$ They were on sale for 20% off the original
price and then an additional 25% off. How much is
the sale price? Extra challenge 4.) A furniture store marks up the wholesale price of a lamp by
80%. The retail price is $36. What is the whole sale price?

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Tax and Tip Sales tax - in many states you are charged tax on items you purchase, in Pennsylvania we are charged 6% sales tax To calculate tax convert the percent to a
decimal and multiply 5.) Sienna purchased a new lamp for $72. If 6% sales
tax is added , how much will she pay for the lamp and
sales tax in total?

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**Tip: When a server waits on you at a restaurant,
you leave money as a tip for the server.**

6.) Brian and Joey ate dinner at Bahamas Breeze. The
bill came to $ They leave 20% for the tip. Round the tip to the nearest dollar. How much money did they spend on dinner and tip?

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**Demonstrate Understanding:**

1.) Tyler and Casey had dinner at Christopher’s and the bill came to
$56. How much will the total bill cost with tax included, if 6% sales
tax is added? 2.) The DQ-Mart buys sweatshirts for $38 each and
sells them at a 60% increase in price. What is the
amount of increase? What is the retail price? 3.) A sweater is on sale for $42. What was the original price
if the sweater was 30% off?

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