Module 1: Ratios and Proportional Relationships: Topic C: Ratios and Rates Involving Fractions

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Module 1: Ratios and Proportional Relationships: Topic C: Ratios and Rates Involving Fractions

Module 1: Ratios and Proportional Relationships: Topic C: Ratios and Rates Involving Fractions

Module 1: Ratios and Proportional Relationships: Topic C: Ratios and Rates Involving Fractions

Markup and Discount (6-8) What is “markup”? How do you find the percent of markup ? markup (also known as profit): the amount a store adds to the amount it paid for an item (the store’s cost), so the store can make a profit. The selling price is the amount the store sells an item for after markup. The percent of markup is a percent of increase or the difference between the store’s cost and the selling price. Rule: store’s cost + markup = selling price To find the markup, find the percent of increase using a proportion or by dividing the amount of markup by the store’s original cost. Rule:

Module 1: Ratios and Proportional Relationships: Topic C: Ratios and Rates Involving Fractions

Module 1: Ratios and Proportional Relationships: Topic C: Ratios and Rates Involving Fractions

Module 1: Ratios and Proportional Relationships: Topic C: Ratios and Rates Involving Fractions