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Common application of percent change are Markdowns and M arkups .

LESSON 3-3, MARKUP AND MARKDOWN. Common application of percent change are Markdowns and M arkups. A markdown is an amount by which an original price is reduced. Percent Decrease!!!. A markup is an amount by which a wholesale cost is increased. Percent Increase!!!!.

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Common application of percent change are Markdowns and M arkups .

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  1. LESSON 3-3, MARKUP AND MARKDOWN Common application of percent change are Markdownsand Markups. A markdownis an amount by which an original price is reduced. Percent Decrease!!! A markup is an amount by which a wholesale cost is increased. Percent Increase!!!!

  2. A video game has a 70% markup. The wholesale cost is $9. What is the selling price? The amount of the markup is $6.30. The selling price is $15.30.

  3. The entrance fee at an amusement park is $35. People over the age of 65 receive a 20% discount. What is the amount of the discount? How much do people over 65 pay?

  4. The wholesale cost of a DVD is $7. The markup is 85%. What is the amount of the markup? What is the selling price? Method 1 A markup is a percent increase. So find $7 increased by 85%. Find 85% of 7. This is the amount of the markup. 0.85(7) = 5.95 7 + 5.95 = 12.95 Add to 7. This is the selling price. The amount of the markup is $5.95. The selling price is $12.95.

  5. Ray paid $12 for a $15 T-shirt. What was the percent discount ? The discount is 20%.

  6. A $220 bicycle was on sale for 60% off. Find the sale price. By this method, the discount is $88. The sale price is $142.00.

  7. What is the percent markup on a car selling for $21,850 that had a wholesale cost of $9500? The markup was 130 percent.

  8. A student paid $31.20 for art supplies that normally cost $52.00. Find the percent discount . The discount is 40%

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