Chapter 6: Ratios, Proportions, & Percents 6.9 Markup and Discount.

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Chapter 6: Ratios, Proportions, & Percents 6.9 Markup and Discount

Markups and Discounts markup: amount of increase –stores use this to make money on what they sell discount: amount of price decrease –Black Friday!!

Finding Markup/Discount Markup: –(store cost X percent markup) + store cost = selling price Discount: –regular price - (regular price X percent discount) = sale price

Example 1 a music store’s percent of markup is 67%. A CD costs the store $ Find the markup and what the store sells the CD for.

Example 1a A clothing store pays $56 for a jacket. The store’s percent of markup is 75%. Find the markup for the jacket.

Example 2 A computer store pays $6 for a computer mouse. The percent of markup is 75%. Find the mouse’s selling price.

Example 2a A $5 cap has a 70% markup. Find the selling price.

Example 3 Athletic shoes that regularly sell for $85.99 are on sale for 20% off. Find the discount.

Example 3a Pants priced at $21.99 are marked 15% off. Find the discount.

Homework