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Calculating Sale Prices: A Practical Guide

Learn how to determine sale prices using markdown rates and discounts with clear formulas and examples. Boost your shopping savvy with step-by-step calculations.

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Calculating Sale Prices: A Practical Guide

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  1. SECTION 6-7 pp. 246-247 Sale Price

  2. Key Words to Know sale price (p. 246) The regular selling price of an item minus the discount or markdown on the price.

  3. Formula 1 Sale Price = Regular Selling Price – Markdown

  4. Formula 2 Sale Price = Percent Paid ×Regular Selling Price Note: If you use Formula 2, then you first need to calculate the percent paid: Percent Paid = 100% – Percent off

  5. Example 1 Little Debby has a 25 percent off coupon and is purchasing a watch that has a regular price of $125.00. What will she pay for the watch?

  6. Example 1 Answer: Step 1 Find the markdown. Regular Selling Price ×Markdown Rate $125.00 ×25% = $31.25 markdown

  7. Example 1 Answer: Step 2 Find the sale price. Regular Selling Price – Markdown $125.00 – $31.25 = $93.75

  8. Practice 1 A children’s apparel shop is having a sale on denim overalls for toddlers. The overalls usually sell for $24.99. The markdown rate is 20 percent. What is the sale price?

  9. Practice 1 Answer $19.99

  10. 247:#1-14

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