1. Applications of Discount & Markup Example 1: Sam’s Electronics has a movie camera on sale for $560. The original price was $800. Determine the percent discount this represents. 1) Variable declaration: Let x represent the percent discount

2. 2) Write the equation: Sam’s Electronics has a movie camera on sale for $560. The original price was $800. Determine the percent discount this represents. x = % discount

3. Sam’s Electronics has a movie camera on sale for $560. The original price was $800. Determine the percent discount this represents. x = % discount 3) Solve the equation:

4. Sam’s Electronics has a movie camera on sale for $560. The original price was $800. Determine the percent discount this represents. x = % discount 4) Write an answer in words, explaining the meaning in light of the application The discount on the movie camera is 30%.

5. Example 2: The phone company marked up the cost of basic phone service by 17%. The new charge is $44.46. Determine the original cost before the increase. 1) Variable declaration: Let x represent the original cost. Applications of Discount & Markup

6. 2) Write the equation: The phone company marked up the cost of basic phone service by 17%. The new charge is $44.46. Determine the original cost before the increase. x =original cost

7. 3) Solve the equation: The phone company marked up the cost of basic phone service by 17%. The new charge is $44.46. Determine the original cost before the increase.

8. 4) Write an answer in words, explaining the meaning in light of the application The original cost for the basic phone service was $38.00. x =original cost The phone company marked up the cost of basic phone service by 17%. The new charge is $44.46. Determine the original cost before the increase.