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Markup and Discount Notes
How much do I have to pay?
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Markup Markup is the amount the price is ___________. increased Ex. 1
The markup rate is 20%. The store’s cost is $45. So, find 20% of $45.
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Label the “Box” % 100
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% Amount Marked up Whole (original cost) 100
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% Amount Marked up x 20 Whole (original cost) 45 100
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Same units together, cross multiply, and divide
100x = 45(20) 100x = 900 x = 9 The markup is $9.00.
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Selling Price The store’s cost plus the markup.
Example: The selling price is $45 + $9 = ?
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The Selling Price is . . . $ 54
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Now try it on your own. Use the problem on the bottom of the page.
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Discount Discount is the amount the price is decreased. Ex2:
The original cost of a shirt is $32. The store has a 25% off sale. What is the new cost of the shirt? So find 25% off of $32.
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Set the proportion up correctly.
Amount discounted x 25 % Whole (original cost) 32 100
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Same units together, cross multiply, and divide
100x =32(25) 100x = 800 x = 8 The discount is $8.00.
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Selling Price The original price minus the discount will give you the selling price. So . . . $32 - $8 = ?
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The new selling price is . . .
$24.00
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Now try it on your own. Use the problem on the bottom of the page.
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Now you are ready to solve markup and discount problems. Way to go!
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