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Markup and Discount

25% of $40 equals the markup. 0.25 • 40 = 10. Multiply to find the markup. = $10. $40 + 10 = $50. store’s cost + markup = selling price. The store sells the skirt for $50. COURSE 3 LESSON 6-6. Markup and Discount.

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Markup and Discount

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  1. 25% of $40 equals the markup. 0.25 • 40 = 10 Multiply to find the markup. = $10 $40 + 10 = $50 store’s cost + markup = selling price The store sells the skirt for $50. COURSE 3 LESSON 6-6 Markup and Discount A store sells a skirt that costs the store $40 and marks up the price 25%. What is the selling price for this skirt? Method 1 Find the markup first. Then find the selling price. 6-6

  2. 125% of $40 equals the selling price. 1.25 • 40 = 50 Multiply to find the selling price. = $50 COURSE 3 LESSON 6-6 Markup and Discount (continued) Method 2 Find the selling price directly. The selling price equals 100% of the store’s cost plus a markup of 25% of the store’s cost. So, the selling price of the skirt is 100% + 25%, or 125%, of $40. The store sells the skirt for $50. 6-6

  3. = $180 – $108 Substitute. = $72 Subtract. discount 72 180 percent of discount = regular price = 0.4 Write the fraction as a decimal. = 40% Write the decimal as a percent. COURSE 3 LESSON 6-6 Markup and Discount A pair of skis regularly costs $180. The sale price is $108. Find the percent of discount. discount = regular price – sale price 6-6

  4. 0.35 • 94.99 = 33.2465 Multiply to find the discount. Round to the nearest cent. = $33.25 94.99 – 33.25 = 61.74 regular price – discount = sale price COURSE 3 LESSON 6-6 Markup and Discount A shoe store advertises a 35%-off sale. What is the sale price of shoes that regularly cost $94.99? Method 1 Find the discount first. Then find the sale price. 35% of $94.99 equals the discount. The sale price is $61.74. 6-6

  5. 65% of $94.99 equals the sale price. 0.65 • 94.99 = 61.744 Multiply to find the sale price. = $61.74 Round to the nearest cent. COURSE 3 LESSON 6-6 Markup and Discount (continued) Method 2 Find the sale price directly. The sale price equals 100% of the regular price minus a discount of 35% of the regular price. The sale price is 100% – 35%, or 65%, of $94.99. The sale price is $61.74. 6-6

  6. r –(0.25 • r) = 6 Substitute. Write the percent as a decimal. 0.75r = 6 Combine like terms: r – 0.25r = 0.75r. 0.75r 0.75 6 0.75 Divide each side by 0.75. = r = 8 Simplify. COURSE 3 LESSON 6-6 Markup and Discount You buy a CD at the sale price of $6. This is 25% off the regular price. Find the regular price of the CD. regular price – 25% of regular price = sale price Let r = the regular price. The regular price of the CD is $8. 6-6

  7. COURSE 3 LESSON 6-6 Markup and Discount 1. A pair of shoes costs the store $40. The store sells them for $65. What is the percent markup? 2. A sweater regularly sells for $49. It is on sale for 20% off. What is the sale price? 62.5% $39.20 6-6

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