1. Markdown pp. 243-245 6-6 SECTION

2. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 6-6, Slide 2 of 16 6-6 markdown (p. 243) The difference between the regular selling price of an item and its sale price, or the amount of the discount. Key Words to Know

3. Click to edit Master text styles Second level Third level Fourth level Fifth level 3 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 6-6, Slide 3 of 16 6-6 markdown rate (p. 243) The discount on an item expressed as a percentage of its regular selling price, such as 20 percent off. Key Words to Know

4. Click to edit Master text styles Second level Third level Fourth level Fifth level 4 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 6-6, Slide 4 of 16 6-6 Markdown = Regular Selling Price – Sale Price Formula

5. Click to edit Master text styles Second level Third level Fourth level Fifth level 5 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 6-6, Slide 5 of 16 6-6 Markdown = Regular Selling Price × Markdown Rate Formula

6. Click to edit Master text styles Second level Third level Fourth level Fifth level 6 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 6-6, Slide 6 of 16 6-6 Star Buck purchased a camcorder at a sale price of $499.99. The regular selling price is $549.99. What was the markdown? Example 1

7. Click to edit Master text styles Second level Third level Fourth level Fifth level 7 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 6-6, Slide 7 of 16 6-6 Step: Find the markdown. Regular Selling Price – Sale Price $549.99 – $499.99 = $50.00 Example 1 Answer

8. Click to edit Master text styles Second level Third level Fourth level Fifth level 8 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 6-6, Slide 8 of 16 6-6 Furniture World has a special on oak furniture at 40 percent to 55 percent off the regular selling price. Chad Putnam purchased an oak table at 40 percent off the regular price of $799. How much is the markdown? Example 2

9. Click to edit Master text styles Second level Third level Fourth level Fifth level 9 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 6-6, Slide 9 of 16 6-6 Step: Find the markdown. Regular Selling Price × Markdown Rate $799.99 × 40% = $319.60 Example 2 Answer

10. Click to edit Master text styles Second level Third level Fourth level Fifth level 10 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 6-6, Slide 10 of 16 6-6 A neighborhood gas station is running a special on windshield cleaning fluid. A gallon container that usually sells for $1.96 is on sale for 25 percent off. What is the markdown? Practice 2

11. Click to edit Master text styles Second level Third level Fourth level Fifth level 11 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 6-6, Slide 11 of 16 6-6 $0.49 Practice 2 Answer

12. 244-245:#3-22