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Bell Ringer – 01/25/16 Jen works at a local car dealership. She makes a base salary of $575, plus a 6% commission on sales. If she told $6500, how much.

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Presentation on theme: "Bell Ringer – 01/25/16 Jen works at a local car dealership. She makes a base salary of $575, plus a 6% commission on sales. If she told $6500, how much."— Presentation transcript:

1 Bell Ringer – 01/25/16 Jen works at a local car dealership. She makes a base salary of $575, plus a 6% commission on sales. If she told $6500, how much money will be on her paycheck? William earns a base salary of $ every week with an additional 15% commission on everything he sells. If William sold $ worth of items last week, what was his total pay?

2 Markup Tuesday, January 26, 2016
Student Objective: Student will be able to calculate the retail price of an item after marking the price up a percent.

3 Vocabulary Markup Cost Price / Wholesale Price
Retail Price / Sell Price

4 Practice 1 The cost price of a book is $8. Find the selling price of the book if the store's markup is 36%.

5 Practice 2 Find the percent of markup if the cost is $68.91 and the markup is $4.31.

6 Practice - independent
Find the markup if the cost of an article is $152 and the markup is 75%.

7 Practice - Independent
A store sells school bags for $17.10 each. At what price should the store sell each bag, if the price needs to be marked up by 30%?

8 Practice - BONUS A sports store sells a tracksuit for $42. The store marked it up by 5%. Find the original cost of the tracksuit.

9 More Practice?


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