1. Sale Price pp. 246-247 6-7 SECTION

2. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 6-7, Slide 2 of 14 6-7 sale price (p. 246) The regular selling price of an item minus the discount or markdown on the price. 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 6-7, Slide 3 of 14 6-7 Sale Price = Regular Selling Price – Markdown Formula 1

4. Click to edit Master text styles Second level Third level Fourth level Fifth level 4 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 6-7, Slide 4 of 14 6-7 Sale Price = Percent Paid × Regular Selling Price Note: If you use Formula 2, then you first need to calculate the percent paid: Percent Paid = 100% – Percent off Formula 2

5. Click to edit Master text styles Second level Third level Fourth level Fifth level 5 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 6-7, Slide 5 of 14 6-7 Little Debby has a 25 percent off coupon and is purchasing a watch that has a regular price of $125.00. What will she pay for the watch? Example 1

6. Click to edit Master text styles Second level Third level Fourth level Fifth level 6 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 6-7, Slide 6 of 14 6-7 Find the markdown. Regular Selling Price × Markdown Rate $125.00 × 25% = $31.25 markdown Example 1 Answer: Step 1

7. Click to edit Master text styles Second level Third level Fourth level Fifth level 7 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 6-7, Slide 7 of 14 6-7 Find the sale price. Regular Selling Price – Markdown $125.00 – $31.25 = $93.75 Example 1 Answer: Step 2

8. Click to edit Master text styles Second level Third level Fourth level Fifth level 8 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 6-7, Slide 8 of 14 6-7 A children’s apparel shop is having a sale on denim overalls for toddlers. The overalls usually sell for $24.99. The markdown rate is 20 percent. What is the sale price? Practice 1

9. Click to edit Master text styles Second level Third level Fourth level Fifth level 9 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 6-7, Slide 9 of 14 6-7 $19.99 Practice 1 Answer

10. 247:#1-14