1. Section 6.8 Markup and Discount
Algebra Concepts
Section 6.8
Markup and Discount

2. How do stores make money?

3. Stores charge more for merchandise than they pay for it.
Markup- the amount of increase from the amount the store pays for an item.
Percent of markup is the markup in percent form.

4. 𝑀𝑎𝑟𝑘𝑢𝑝=% 𝑜𝑓 𝑚𝑎𝑟𝑘𝑢𝑝×𝑠𝑡𝑜𝑟 𝑒 ′ 𝑠 𝑐𝑜𝑠𝑡

5. Find the markup
#1 $12 toy cost, 65% markup #2 $495 computer cost, 70% markup #3 $79 purse cost, 350% markup

6. When things are in demand, the markup is higher!

7. 𝑆𝑒𝑙𝑙𝑖𝑛𝑔 𝑝𝑟𝑖𝑐𝑒=𝑠𝑡𝑜𝑟 𝑒 ′ 𝑠 𝑝𝑟𝑖𝑐𝑒+𝑚𝑎𝑟𝑘𝑢𝑝

8. The store’s cost for a pair
of jeans is $35. The store’s
percent of markup is 85%. Find the amount
of the markup.
Markup = 35 (.85)= 29.75
The store makes $29.75 when they sell a pair of jeans.

9. How much for those jeans?
=64.75
$64.75 selling price

10. Why do stores put things on sale?

11. Discount-amount of price decrease
Percent of discount -percent of decrease

12. Find the discount
#1 30% of $28.00
#2 75% of $50
#3 45% of $30

13. 𝑆𝑎𝑙𝑒 𝑝𝑟𝑖𝑐𝑒=𝑅𝑒𝑔𝑢𝑙𝑎𝑟 𝑝𝑟𝑖𝑐𝑒−𝑑𝑖𝑠𝑐𝑜𝑢𝑛𝑡

14. Find the discount and the sale price!
#1 shirt $72 35% off #2 makeup mirror $85 20% off #3 sports jersey $120 30% off

15. Shortcut to the sale price!
If an item is 30% off regular price, that means you are paying 70% of the regular price

16. Katie finds a top with a regular price of $42
Katie finds a top with a regular price of $42. The top is marked 55% off. What is the amount of the discount? What is the sale price?

17. 𝑆𝑎𝑙𝑒 𝑝𝑟𝑖𝑐𝑒=𝑟𝑒𝑔𝑢𝑙𝑎𝑟 𝑝𝑟𝑖𝑐𝑒−𝑑𝑖𝑠𝑐𝑜𝑢𝑛𝑡