1. Markup and Discount 6.6

2. markup Markup = (% of markup) (store’s cost)

3. Express pays $56 for a jacket. The store’s percent of markup is 75%. Find the markup for the jacket. % of mark up: 75% Store’s cost: $56

4. Selling Price Store’s Cost + Markup = Selling Price

5. A store pays $5 for a baseball cap. The percent of markup is 70%. Find the selling price of the cap. Store pays: $5 Percent of markup 70% Markup= (5)(.70) Markup is $3.50 Selling price: store cost + markup $5 + $3.50 $8.50

6. Discount (% of discount) (Original Price)

7. Sales Price 2 methods Method 1: Original - Discount Method 2: (100-% of discount)(original)

8. A pair of shoes that regularly sell for $39.95 is on sale for 20% off. What is the sale price? Method 1: Discount (%of discount)(original price) =(0.20)(39.95) =7.99 Sales Price Original-discount =39.95-7.99 =$31.96 Method 2: Sales Price (100%-% of discount)(Original) =(100%-20%) (39.95) =(80%) (39.95) =(0.80) (39.95) =$31.96

9. Wayne had a 25% discount on hockey equipment. The selling price was $172.50. What was the original price? Discount is 25% Then the selling price is 75% of the original

10. A CD with an original price of $11.95 is discounted 20%. Sales tax of 5.5% is added to the discounted price. How much does it cost to purchase the CD? Step 1 Find Selling Price (11.95) (.80) =$9.56 Step 2 Find Tax (9.56)(0.055) = 0.5258 =0.53 Step 3 Add Sales Tax to Discounted Price 9.56+0.53 =$10.09

11. Homework Page 250 (17-23) all