1. 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

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

3. 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

4. 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 $

5. 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.

6. 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 $

7. 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.

8. 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