Bell work

Solve. Round to tenth as needed.

1) What is 75% of $82?

2) What is 42% of $170?

3) What is 5.5% of $24?

4) What is 80% of $15.99?

Finding Markups

• To make a profit, stores charge more for merchandise than they pay for it.

• The amount of increase is called MARKUP.

• The percent of increase is the PERCENT OF MARKUP.

• (Much like Percent of Increase).

The Music Store

• A music store’s percent of markup is 67%. A CD costs the store $10.50. Find the markup.

Markup = percent of markup • store’s cost

The Clothing Store

• A clothing store pays $56 for a jacket. The store’s percent of markup is 75%. Find the markup for the jacket.

Selling Price• Store’s Cost + Markup = the Selling Price.

• If the markup for the CD is $6.80 and it costs the store $10.50, how much do you pay?

• If the jacket costs the store $56 and the markup is $42, how much do you pay?

The Sporting Goods Store

• Sales Tax: – A store sells baseball caps for $5. The sales tax

is 7%. Find the total cost of the cap.

1.Find the sales tax.

2.Selling Price + Tax = Cost

The Electronic Store• An electronic store is selling a television for

$399.99. At this price, what would be the total cost for the television if the sales tax is 6.5%?

Percent Discount

Discount = percent of discount • original price.

= 0.20 (20%) • $39.95

= $7.99

Sales Price = Original Price – Discount

= $39.95 - $7.99

= $31.96 is the price you pay after discount.

Furniture: A furniture store is having a 30% off sale. What is the sale price of a table that regularly costs $259.98.

Find each sale price

1. Regular Price: $182.75 2. Regular Price: $35.50

Percent of Discount: 45% Percent of Discount: 37.5%

Percent Discount

Discount = regular price – sale price

= $67.99 – $45.00

= $22.99

Percent Discount =

%8.33100*99.67

99.22

PriceRegualar

Discount

Shoes: a pair of running shoes regularly costs $70. The sale price is $59.50. Find the percent of discount on the running shoes.

Find each percent of discount

1. Regular Price: $68.00 2. Regular Price: $24.00

Sale Price: $61.20 Sale Price: $3.60