Lesson 7.6 Percent Applications Essential Question: How do you solve percent application problems?

Lesson 7.6

Percent Applications

Essential Question: How do you solve percent application problems?

Before we start…

You go out to eat. Your bill came to $14.75. What amount would you leave for a 20% tip?

Retail Stores and Prices

What is markup?

The increase in the wholesale price of an item

What is discount?

A decrease in the retail price of an item

How do you find…

Markup?

Markup=% ∙Wholesale priceDiscount?

Discount=% ∙ Price

How do you find…

Retail price?

Retail price=Wholesale price+MarkupSale price?

Sale price=Original price− Discount

Guitars You are shopping for a guitar and find one with an original price of $160. The store is offering a 30% discount on all guitars. What is the sale price of the guitar?

CDs A boxed set of 5 CDs has an original price of $60. The music store is offering a 15% discount on all CDs. What is the sale price of the CDs?

Clothing A shirt has a wholesale price of $16. The percent markup is 120%. What is the retail price?

Decorations A holiday decoration has a wholesale price of $3. The percent markup is 150%. What is the retail price?

Sale A department store is having a 25% off clearance sale. You find a pair of sneakers originally priced at $140. What is the sale price of the sneakers?

Hat A baseball cap has a wholesale price of $5. The percent markup is 75%. What is the retail price of the cap?

What about sales tax and tips?

Amounts added to

the purchase.

A percentage of the purchase price

How do you find sales tax and tips?

SalesTax=% ∙ Amount

Tips=% ∙ Total

iPod An iPod costs $139.99 before tax. The sales tax is 8.25%. What is the total cost?

Printer A printer costs $115 before tax. The sales tax is 5.4%. What is the total cost?

Television An LED television costs $799 before tax. The sales tax is 6%. What is the total cost?

Restaurants Your food bill at a restaurant is $24. You leave a 20% tip. The sales tax is 6%. What is the total cost of the meal?

Restaurants Your food bill at a restaurant is $34.40. You leave a 15% tip. The sales tax is 6.5%. What is the total cost of the meal?

How do you solve percent application problems?

Ticket Out the Door

What is the price of a $16.49 item marked up by 130%?

Lesson 7.6 Percent Applications Essential Question: How do you solve percent application problems?

Documents

Transcript of Lesson 7.6 Percent Applications Essential Question: How do you solve percent application problems?

§ 7.6

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