2.4 Tips and Markup

​L2.4 Tips and Markup

By Benny Boyd

​Learning Intent: Today, I am learning percent problems involving tips and markups.
Success Criteria: I will be successful when I can find tips and markups.

​Learn Tips

A tip, or gratuity, is an additional amount of money paid in return for a service. This amount is sometimes a percent of the service cost. The total amount paid is the cost of the service plus the tip.

​I do: The bill for a group Of eight people at a restaurant was $125 before the tip was added. The group wants to add an 18% tip. What will be the total bill including the tip?

​ We do: Amy wants to tip her hairstylist 20% for a haircut that costs $48. What is her total bill with tip? Use any strategy.

Math Response

You do:

Find the total cost to the nearest cent.

Sally gets a $20 tune up on his lawnmower and decides to leave a 10% tip.  What is the total cost?

Type answer here

Correct Answer: 22.00

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Math Response

You do: What is the total bill for lunch?

$24 lunch; 15% tip

Type answer here

Correct Answer: 27.60

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​Learn Markup
In order to make a profit, stores typically sell items for more than what they pay for them. The amount the store pays for an item is called the wholesale cost. The amount of increase is called the markup. The selling price is the amount the customer pays for an item. The selling price is equal to the wholesale cost plus the markup.


selling price = wholesale cost + markup

​I do: The wholesale cost for each shirt at a clothing store is $17. The store manager plans to mark up the shirts by 125%. What will be the selling price for each shirt?

​We do: The wholesale cost for a basketball backboard is $32. If the markup is 85 1/2%, what is the selling price?

​You do: Find the total cost to the nearest cent. $115 tablet; 35% markup

Math Response

You do: Find the total cost to the nearest cent. $115 tablet; 35% markup

Type answer here

Correct Answer: 155.25

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Math Response

You do:

Find the total cost to the nearest cent.

$25 jeans; 16% markup

Type answer here

Correct Answer: 29.00

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Rad