Discount & Markup

Discount & Markup

Pre-Algebra

Discount & Markup

• •VA SOL 8.4 - The student will solve practical problems involving consumer applications.

• •I can compute a discount or markup and the resulting sale price for one discount or markup.

Mark up

•Mark-up is the amount added to the original price to make a profit.

Original cost + mark-up = Selling Price

Discount

•Discount is the amount by which the regular price of an item is reduced.

Original cost -discount = Sale Price

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Use the percent proportion to solve the problem.

Cost of a sled: $99.50

Markup: 95%

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You've completed this lesson. Check Canvas for further instructions.

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Use the percent proportion to solve the problem.

Cost of a comic book: $3.95

Markup: 20%

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Use the percent proportion to solve the problem.

Cost of an oil change: $18.00

Markup: 70%

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Use the percent proportion to solve the problem.

Cost of a CD: $14.50

Discount: 30%

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Cost of an MP3 player: $129.50

Discount: 60%

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Use the percent proportion to solve the problem.

Cost of a pen: $0.95

Markup: 60%