2-7 Discount

Discount

Chapter 2 Lesson 7

What is a discount??

• Discount (or markdown) is the amount by which a regular price of an item is REDUCED!

• Unlike markups, discounts will make the price go down!

• Think about the sales that go on during Black Friday... those are discounts! :)

Example #1

• A DVD normally costs $22. This week, it is on sale for 25% off the original price. What is the sale price of the DVD?

• Step 1: Find the amount that is being discounted! We do this by multiplying the original price by the decimal form of the percent!

• $22 * 0.25 = $5.50

• Step 2: Subtract the discounted amount from the original price!

• $22 - $5.50 = $16.50 sale price!!

Example #2 - Let's add sales tax!

• A boogie board that has a regular price of $69 is on sale at a 35% discount. What is the sale price with a 7% tax on the discounted price?

• Step 1: Find the amount of the discount.

• $69 * 0.35 = $24.15

• Step 2: Subtract the discount from the regular price.

• $69 - $24.15 = $44.85

• Step 3: Find the tax on the discounted price and ADD it to the discounted price!

• $44.85 * 0.07 = $3.14 --> $44.85 + $3.14 = $47.99 sale price!! :)

Multiple Choice

A shirt is regularly priced at $42. It is on sale for 15% off the regular price. What is the sale price of the shirt?

• $6.30

• $35.70

Multiple Choice

A CD that has a regular price of $15.50 is on sale at a 25% discount. A sales tax of 6.5% is added to the sale price. What is the total cost?

• $11.63

• $12.38

Multiple Choice

Find the sale price to the nearest cent: $64 jacket at 20% discount.

• $44

• $51.20

Multiple Choice

Find the sale price to the nearest cent: $4.30 makeup set with 40% discount and 6% tax added to discounted price.

• $2.73

• $4.13