Percent Markup and Sales Tax

Percent Mark Up and Sales Tax

Percent MarkUP

MarkUP= PLUS

1) Find the CHANGE

2) Find the ORIGINAL

3) Fill in what you know

#1- Markup

Jessica buys a phone case for $7.20. She decorates the case and sells it for $11.25. What is the percent markup on the case?

Multiple Choice

What is the PERCENT markup on a $300 phone sold for $465?

• 55%

• 65%

• $165

#2- Sales Tax

Edward buys a snowboard that is on sale for $126. If the sales tax in his state is 7.5%, how much will he pay for the snowboard?

Multiple Choice

Nate spends $45 on groceries. The sales tax in his state is 6%. What will his total be after tax?

• $45.50

• $47.70

• 46%

#3- Selling Price

A local furniture store pays $110 for a chest of drawers and sells it for a 40% markup. What is the selling price for the chest of drawers?

Multiple Choice

Miss Mucha buys a desk for $200. She decorates the desk and sells it with a 30% markup. What is the cost of the desk?

• $260

• $60

• 60%