# Bell Work Discount/Markup New Price \$6 shirt 20% off _______ _______

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Bell Work Discount/Markup New Price \$6 shirt 20% off _______ _______
Find the discount/markup first then find the & new price. Bell Work Discount/Markup New Price \$1.20 \$4.80 \$6 shirt 20% off _______ _______ \$65 shoes 15% off _______ _______ \$80 tickets 40% markup _______ _______ \$25 passes 130% markup _______ _______ \$4 earrings 5.5% tax _______ _______ \$1,250 car 8.75% tax _______ _______ \$9.75 \$55.25 \$32 \$112 \$57.50 \$32.50 \$.22 \$4.22 \$109.38 \$1,359.38

Discounts, Markups Tax and Tip Day 3 TAKE OUT A CALCULATOR

Real World Example % of Number
A \$50 skateboard was marked up 10%. How much was it marked up and what is the new price? Mark-up Retail Price Retail Price = Original Price + Mark-up

Sales Tax A family purchased a TV for \$650. The sales tax rate was 6%. What was the total cost of the purchase? Method 2 Multiply the price by 106% since 6% is added to the cost. \$650 x 106% = total cost \$650 x 1.06 = \$689.00 Method 1 Add sales tax to the price: \$650 x 6% = tax \$650 x .06 = \$39.00 tax \$650 + \$39 = \$689.00 So, the total cost was \$

Discount A shirt that was \$25 is on sale for 20% off. What is the sale price? Method 2 Multiply the price by 80% since that is what you ARE paying. \$25 x 80% = total cost \$25 x .8 = \$20.00 Method 1 Subtract the discount from the price: \$25 x 20% = discount \$25 x .2 = \$5.00 discount \$25 - \$5 = \$20.00 So, the total cost was \$20.00.

You Try! A radio that was \$120 is on sale for 15% off. What is the sale price? Method 2 Multiply the price by 85% since that is what you ARE paying. \$120 x 85% = total cost \$120 x .85 = \$102.00 Method 1 Subtract the discount from the price: \$120 x 15% = discount \$120 x .15 = \$18.00 discount \$120 - \$18 = \$102.00 So, the total cost was \$

Tax and Tip! Your bill is \$ What is your total after you leave a 20% tip and pay 6% tax? Method 2 Multiply the price by 126% since that is what you ARE paying. \$35.50 x 126% = total cost \$35.50 x 1.26 = \$44.73 Method 1 \$35.50 x 20% = \$7.10 (tip) \$35.50 x 6% = \$2.13 (tax) \$ \$ \$2.13 = \$44.73 So, the total cost was \$44.73.

Skills Check! When you finish turn your paper over and put it in the corner of your desk. Practice: Finish Checkbook Challenge and work on story problems

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