Calculating Discounts and Commissions

The video tutorial covers multi-step ratio problems, focusing on calculating discounts and markups. It provides examples of calculating discounted prices for shoes and pants using different methods, such as tape diagrams and fractional calculations. The tutorial also explains how to calculate commission for a car sale and discusses a marketing strategy involving markup and discount. Finally, it presents a problem involving a motorcycle dealer to determine the original price using algebraic methods.

What is the new price of shoes originally priced at $40 after a quarter discount?

• $30

• $20

• $40

• $10

Which method involves breaking the price into parts to find the new price after a discount?

• Subtraction method

• Tape diagram

• Fractional method

• Addition method

How much is the new price of pants originally priced at $33 after a one-third discount?

• $33

• $44

• $22

• $11

What is the commission for a car sold at $21,999 if the commission rate is 1/12?

• $2,000.00

• $1,999.00

• $1,833.25

• $1,500.00

How do you calculate the commission from a sales price?

• Add the commission rate to the sales price

• Multiply the sales price by the commission rate

• Subtract the commission rate from the sales price

• Divide the sales price by the commission rate

What is the sales price after a furniture store marks up a $2,400 item by a third and then discounts it by a fifth?

• $2,560

• $3,200

• $2,400

• $2,000

What is the profit if the sales price is $2,560 and the original price is $2,400?

• $100

• $240

• $160

• $200

How do businesses use markup and discount strategies to increase profit?

• By reducing the original price

• By increasing the original price

• By marking up prices before discounting

• By offering no discounts

What is the original price of a motorcycle if the marked-up price is $14,000 and the markup is one-fifth?

• $14,000.00

• $12,000.00

• $13,000.00

• $11,666.67

Which method can be used to find the original price after a markup?

• Subtraction method

• Tape diagram

• Fractional method

• Division method