1. Do Now 4/22/10  Take out HW from last night. –Text p. 360, #8-24 evens  Copy HW in your planner. –Practice worksheet 7.6 odds  In your journal, answer the following question. You are shopping for a new HDTV that is $1200. What is a better deal, option A or option B? Option A 20% off the original price and then take an additional 15% off. Option B 33% off the original price. 1200 -240 (20%) 960 960 -144 (15%) $816 $816 1200 -396 (33%) $804 $804

2. Homework Text p. 360, #8-24 evens  8) $76.50  10) $27.75  12) $189  14) $44.10  16) $30.25  18) $22  20) about $11.16  22) $300  24) $1147.50

3. Objective  SWBAT practice finding markups, discounts, sales tax, and tips

4. Section 7.6 “Percent Applications” Percents can be applied to many everyday ordinary activities: everyday ordinary activities: 1) markups 2) discounts 3) sales tax 4) tips

5. Markups Retail price = Wholesale price + Markup Discounts Sale price = Original price – Discount

6. Markups Modell’s buys Nike brand sneakers from the Nike manufacturer for $40. Modell’s then marks up the price by 150%. What is the retail price? Retail price = Wholesale price + Markup = 40 + (150% · 40) =40+60 =$100

7. Markups (Finding a Wholesale Price) Luke buys Nike sneakers from Modell’s for $50.00. Modell’s marked up the price of the sneakers by 90%. What is the wholesale price of the sneakers? Retail price = Wholesale price + Markup = 50 + (90% · x) =1x+0.90x = 1.9x x 50 50 1.9x 1.9x = x$26.32

8. Markups (Finding a Wholesale Price) A furniture store marks up the wholesale price of a lamp by 80%. The retail price is $35. What is the wholesale price? Retail price = Wholesale price + Markup = 35 + (80% · x) =1x+0.80x = 1.8x x 35 35 1.8x 1.8x = x$19.44

9. Discounts (Finding the Original Price) You buy a DVD player on sale for $150. The sale was for 25% off. What is the original price? Sale price = Original price – Discount = 150 – (25% · x) =1x–0.25x = 0.75x x 150 150 0.75x 0.75x = x$200

10. Discounts (Finding the Original Price) Mark buys a suit on sale for $144. The suit is on sale for 20% off. What was the original price of the suit? Sale price = Original price – Discount = 144 – (20% · x) =1x–0.20x = 0.80x x 144 144 0.80x 0.80x = x$180

11. Clock Partners With your 1:00 partner, complete Practice worksheet 7.6 odds.