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Published byCory McDowell Modified over 8 years ago

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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

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

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**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

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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 $

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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.

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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 $

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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.

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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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