1. Discount and Markup Warm-up Get your calculator.
Get out 2 sheets of loose paper, your agenda, and your notebook.
In your agenda, turn to tomorrow’s date and write “Vocabulary Quiz” beside Math.
In your notebook, start some notes, with the heading
Discount and Markup

2. Discount

3. Discount
Discount – the amount by which a regular price is reduced

4. Discount Discount – the amount by which a regular price is reduced
For example, if a shirt regularly sells for $18.99, and is on sale for 30% off, what is the discount?

5. Your Turn P 239 (10,11) – Find the amount of discount only
You have 3 minutes.

6. Markup

7. Markup
Markup – the amount the price of an item is increased above the price the store paid for it

8. Markup
Markup – the amount the price of an item is increased above the price the store paid for it
For example, if Wal-Mart buys an iPad from Apple for $250, and then marks it up 92%, how much did they increase the price?

9. Your Turn P 239 (8,9) – Find the amount of markup only
You have 3 minutes.

10. Selling Price

11. Selling Price
Selling price – the amount the customer pays for an item

12. Selling Price Selling price – the amount the customer pays for an item
Ex: You buy a pair of shoes that regularly sell for $134, but they’re on sale for 45% off. What do you pay for them?

13. Selling Price Selling price – the amount the customer pays for an item
Ex: You buy a pair of shoes that regularly sell for $134, but they’re on sale for 45% off. What do you pay for them?
Ex: Sports Authority pays $35 for a pair of shoes. They mark up the price 235%. What does the customer pay?

14. Classwork P 239 (18-28 even) – Follow the directions
You have until the end of the period.

15. Homework
P 628
Lesson 5-7 (7-14)