Percent Discount and Markup

Markup and discount is an application of percent change

Essential Skill: Demonstrate Understanding of Concept

discount- the amount of decrease from the original price to the sale price

sale price - the original price minus the discount

markup- the amount of increase from the original price to the retail price

retail price - the price sold to the customer in the stores (price after the markup)

whole sale price - the price the stores purchase the items from the manufacturers (price before the mark up)

1.) The regular price of an iPhone is $220.00. This week it is on sale for 10% off. What is the discount? What is the sale price?

2.) Eric's Winter Wonder Store buys snow globes from the manufacturer for $9.20 each and sells them at a 90% increase in price. What is the markup? What is the retail price of the snow globes?

3.) The regular price of a pair of sneakers was $80.00. They were on sale for 20% off the original price and then an additional 25% off. How much is the sale price?

Extra challenge

4.) A furniture store marks up the wholesale price of a lamp by 80%. The retail price is $36. What is the whole sale price?

Tax and Tip

Sales tax - in many states you are charged tax on items you purchase, in Pennsylvania we are charged 6% sales tax

To calculate tax convert the percent to a decimal and multiply

5.)  Sienna purchased a new lamp for $72. If 6% sales tax is added , how much will she pay for the lamp and sales tax in total?

Tip: When a server waits on you at a restaurant, you leave money as a tip for the server.

6.) Brian and Joey ate dinner at Bahamas Breeze. The bill came to $85.70. They leave 20% for the tip. Round the tip to the nearest dollar. How much money did they spend on dinner and tip?

1.) Tyler and Casey had dinner at Christopher’s and the bill came to $56. How much will the total bill cost with tax included, if 6% sales tax is added?

Demonstrate Understanding:

2.) The DQ-Mart buys sweatshirts for $38 each and sells them at a 60% increase in price. What is the amount of increase? What is the retail price?

3.) A sweater is on sale for $42. What was the original price if the sweater was 30% off?