Markup and Discount 6.9. markup Markup = (% of markup) (store’s cost) Turn the percent into a decimal or fraction.

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Presentation transcript:

Markup and Discount 6.9

markup Markup = (% of markup) (store’s cost) Turn the percent into a decimal or fraction

Find the Markup $16.00 shirt; 165% markup

Express pays $56 for a jacket. The store’s percent of markup is 75%. Find the markup for the jacket. % of mark up: 75% Store’s cost: $56

Selling Price Store’s Cost + Markup = Selling Price

Find the Selling Price or Total Cost $6.99 toy; 125% markup

A store pays $5 for a baseball cap. The percent of markup is 70%. Find the selling price of the cap. Store pays: $5 Percent of markup 70% Markup= (5)(.70) Markup is $3.50 Selling price: store cost + markup $5 + $3.50 $8.50

Discount (% of discount) (Original Price)

Find the Discount $32 dress; 55% off

Sales Price Original - Discount

A pair of shoes that regularly sell for $39.95 is on sale for 20% off. What is the sale price? Discount (%of discount)(original price) =(0.20)(39.95) =7.99 Sale price Original-discount = =$31.96

Find the sales price or total cost of a $175 chair that is 75% off

Homework Page 359 (8-21) all