1. Unit 6. Day 15.

2. Markup
$200 markup
50% markup
$400
$600
wholesale
Selling price

3. $400
$600
wholesale
Selling price
cost
Retail
Original price

4. What is the “new” percent?
Example A: The wholesale price on a math book is $40. The retail price at Target is $64. Find the markup. 64
retail
new
𝑥 100
retail = 24
markup
𝑥 100
markup 40
wholesale
original
wholesale = 40
wholesale
wholesale
40𝑥 =
6400
40𝑥 =
2400 40 40 40 40 𝑥 =
160
What is the “new” percent? 𝑥 = 60 60
100%
60%
wholesale
markup
60% 𝑚𝑎𝑟𝑘𝑢𝑝

5. What is the “new” percent?
Example B: The wholesale price on a nice fountain pen is $145. If jetpens.com sells the pen at a 36% markup, what is the retail price? 𝑥
markup
36 100
markup 𝑥
retail
new
retail = =
145
145
wholesale
wholesale
wholesale
original
wholesale
5220 =
19720 =
100𝑥
100𝑥
100
100
100
100 𝑥 =
52.20 𝑥 =
What is the “new” percent?
197.20
145 +
52.20
197.20

6. What is the “new” percent?
Example C: The retail price on a pair of jeans is $48. If the store uses a markup of 50% , what is wholesale?
What is the “new” percent?
markup
50 100 48
markup =
wholesale
wholesale
retail
new 48
retail = 𝑥
wholesale
original
wholesale
150𝑥 =
4800
150
150 𝑥 = 32

8. We’ve done these $400 50% markup $600 sale discount markdown $500
Wholesale
Retail
$400
50% markup
$600
sale
discount
markdown
We’ve done these
$500

9. Let’s try something a little harder!

10. Example D: The wholesale price on a bicycle is $450
Example D: The wholesale price on a bicycle is $450. The bike shop uses a 50% markup for the retail price. The bike is not selling well, so two months later they offer a 20% discount. Mr. Jordan buys this bike on sale, but must pay 7% sales tax. What is the final/total cost for this bicycle? 𝑥 𝑥
50 100
markup 𝑥
20 100
tax
discount
7 100
markup
discount = = =
450
wholesale
675
bike
bike
540
wholesale
bike
100𝑥 =
22500
13500 =
100𝑥
3780 =
100𝑥
100
100
100
100
100
100 𝑥 =
225
135 = 𝑥
37.80 = 𝑥
$ 4 5 0
$ 6 7 5
$ 5 4 0 +
$ 2 2 5 −
$ 1 3 5 + $
$ 6 7 5
$ 5 4 0 $