Find the amount of the markup.

Slides:

Advertisements

Similar presentations

SOLVING PROBLEMS INVOLVING DISCOUNTS AT SALES AND SALES TAX.

Advertisements

EXAMPLE 1 Finding a Sale Price You are shopping for a guitar and find one with an original price of $160. The store is offering a 30% discount on all guitars.

Warm Up 1. 14,000 is 2 % of what number? is 13% of what number? % of what number is 12? % of what number is 189? 560,

Write decimal as percent. Divide each side by 136. Substitute 51 for a and 136 for b. Write percent equation. Find a percent using the percent equation.

DISCOUNTS, SALES TAX, TIPS DISCOUNTS Example: Regular Price = $10 Discount = 20% Step 1 Change the percentage to a decimal Step 2 Multiply the Regular.

6-4 Percent of Change Percent of change = amount of change original amount.

8.4 Percent of Increase and Decrease. Percent change is the ratio of the amount of change to the original amount. Percent increase describes how much.

NS1.6 Calculate the percentage of increase and decrease of a quantity. NS1.7 Solve problems that involve discounts, markups, commissions, and profit and.

EXAMPLE 1 Finding a Sale Price You are shopping for a guitar and find one with an original price of $160. The store is offering a 30% discount on all guitars.

adjectives as you can think of that describes that word.

Estimating With Percents Lesson 6-8. Sales Tax Round the cost of a given item to the nearest dollar. Multiply that estimate by the decimal version of.

Bell Work: Tax and Tip! Your bill is $ What is your total after you leave a 20% tip and pay 5% tax? Method 2 Multiply the price by 125% since.

Ratio, Percent, Proportion

Learn to solve problems involving percent of change.

Notes 29 Percent of Change 6-4.

Using Percents to Solve Problems

Applications of Percent

Find the discount/markup first then find the & new price. 1)$6 shirt 20% off _______ _______ 2)$65 shoes 15% off _______ _______ 3)$80 tickets 40% markup.

Basic Math Skills Lesson 10: Sales Tax p

Warm ups: Eric bought a pair of shoes originally priced at $95 for 45% off. He paid $52.25 not including tax. Which equation shows how Eric.

6-5 Percent of Change Warm Up Problem of the Day Lesson Presentation

Holt CA Course Percent of Change NS1.4 Calculate given percentages of quantities and solve problems involving discounts at sales, interest earned,

Bell Work Movie tickets used to cost $5, now cost $7. Find the percent of change. A percent of change tells how much a quantity has increased or decreased.

DO NOW Define: Markup: An increase from the wholesale price of an item to the retail price. Discount: A decrease from the original price of an item to.

Percents as Fractions A. Express 40% as a fraction in simplest form. Answer:

Learning about Using Inverse Operations for finding the original price after a percentage increase or decrease.

6-6 Percent of Change Warm Up Problem of the Day Lesson Presentation

Tax, tip, and Markup Notes and examples.

Percent of Change Decrease (Discount)

1. 2 Sales tax is calculated by finding the percent of the total purchase.

Holt CA Course Percent of Change Warm Up Warm Up California Standards Lesson Presentation Preview.

Splash Screen. Then/Now You have already solved real-world problems using the percent equations. (Lesson 7–5) Solve real-world problems involving markup.

Percent Increase Mrs. Kuznia Math 8 Day 13. Percent Increase Examples of Percent Increase: Sales Tax Mark up Tips (gratuity)

Review  Find the solutions to the following problems… 1) 50 x.6 2) 20.4 x.2 3) 45.3 x 3.1 4) 53.2 x.25.

Section % of what number is 75? 2. What percent of 25 is 4? 3. If you buy a shirt that was originally $45 but it is on clearance for 25% off,

Lesson 8: The Key to Rounding Money

Percent of Change Warm Up Warm Up Lesson Presentation Lesson Presentation Problem of the Day Problem of the Day Lesson Quizzes Lesson Quizzes.

Mr. Sands 6.2.   Discounts occur on everything from clothing to car rentals.  Discounts are many times given as percent's like on a clearance rack.

SB-Lesson 12.1: Markup and Discount Terminology Selling Price - The price retailers charge customers Cost - The price retailers pay to a manufacturer.

OBJECTIVE I will use the order of operations and rounding to find the exact and approximate solutions of equations that contain decimals.

Percent Proportions & Equations. A percent is a ratio that compares a number to 100. A commission is a percent of the amount of your sales. A percent.

Chapter 7 Review Game PERCENTS. Write the percent as a fraction in simplest form. 126%

EXAMPLE 1 Finding a Sale Price Clothing You buy a pair of jeans that is 30% off the original price of $29. What is the sale price? STEP 1 Find the amount.

Warm Up Solve % of what number is 6? 2. What percent of 20 is 8? 3. What is 80% of 60? is what percent of 200? 60 40% 48 Course Percent.

Grade Lesson 14. Notes Lesson 15 Percent of Change.

Example 4 Finding an Original Amount Lamps A furniture store marks up the wholesale price of a desk lamp by 80%. The retail price is $35. What is the wholesale.

Estimating With Percents Lesson 6-8. Sales Tax Round the cost of a given item to the nearest dollar. Multiply that estimate by the decimal version of.

Markup – the amount of money a store increases the price of the goods above what they pay for it. Wholesale price – the amount of money a store pays for.

Holt CA Course Percent of Change NS1.4 Calculate given percentages of quantities and solve problems involving discounts at sales, interest earned,

PERCENT OF CHANGE. WHAT IS THE PERCENT OF CHANGE? The amount stated as a percent that a number increases or decreases.

Lesson 8.3B: Markup and Discount Change each percent into a decimal  5.5%  10.24%  29% .1%  1%  50%  5%    0.29   0.01.

Warm Up Problem of the Day Lesson Presentation Lesson Quizzes.

Bell Work From 5 to = 5 40% increase

8.4 Percent of Increase and Decrease

Daily Warm-Up (I do) ALCOS # 3 5th grade

EXAMPLE 1 Finding a Sale Price

9-2 6th grade math Estimating Percent.

Tax, Tip, Commission SB 11-2 Pages

Lesson 7.6: Markup and Discount

6-5 Percent of Change Warm Up Problem of the Day Lesson Presentation

Markup and Discount Calculate given percentages of quantities and solve problems involving discounts at sales, interest earned, and tips. Objective:-Students.

Main Idea and New Vocabulary Example 1: Find the Sale Price

COURSE 3 LESSON 6-6 Markup and Discount

Learn to solve problems involving percent of change.

Estimating With Percents

6-6 Percent of Change Warm Up Problem of the Day Lesson Presentation

Warm Up Problem of the Day Lesson Presentation Lesson Quizzes.

Bell work Week 28 Cost - The price retailers pay to a manufacturer

Sales Tax, Tips, and Markups

Presentation transcript:

Find the amount of the markup. EXAMPLE 2 Finding a Retail Price Clothing A shirt has a wholesale price of $16. The percent markup is 120%. What is the retail price? SOLUTION STEP 1 Find the amount of the markup. Markup 120% of $16 = 1.2(16) = Write 120% as a decimal. 19.2 = Multiply.

EXAMPLE 2 Finding a Retail Price Add the markup to the wholesale price. STEP 2 16 + 19.2 35.2 = The retail price of the shirt is $35.20. ANSWER

EXAMPLE 3 Finding a Retail Price A portable CD player costs $48 before tax. The sales tax is 4.5%. What is the total cost? CD Player SOLUTION STEP 1 Find the amount of the sales tax. 4.5% of $48 = 0.045(48) 2.16 STEP 2 Add the sales tax to the price of the portable CD player. 2.16 + 48 = 50.16

EXAMPLE 3 Finding a Retail Price ANSWER The total cost of the CD player is $50.16.

GUIDED PRACTICE for Examples 2 and 3 Find the retail price. 5. Wholesale price: $64 Percent markup: 85% The retail price is $118.40. ANSWER

GUIDED PRACTICE for Examples 2 and 3 Find the retail price. 6. Wholesale price: $35 Percent markup: 110% The retail price is $73.50. ANSWER

GUIDED PRACTICE for Examples 2 and 3 Find the total cost. Round to the nearest cent 7. Price: $8.90 Sales tax: 5% The total cost is $9.35. ANSWER

GUIDED PRACTICE for Examples 2 and 3 Find the total cost. Round to the nearest cent 8. Price: $54.07 Sales tax: 7% The total cost is $57.85. ANSWER