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Lesson 7.6
Percent Applications
Essential Question: How do you solve percent application problems?
Before we start…
You go out to eat. Your bill came to $14.75. What amount would you leave for a 20% tip?
Retail Stores and Prices
What is markup?
The increase in the wholesale price of an item
What is discount?
A decrease in the retail price of an item
How do you find…
Markup?
Markup=% ∙Wholesale priceDiscount?
Discount=% ∙ Price
How do you find…
Retail price?
Retail price=Wholesale price+MarkupSale price?
Sale price=Original price− Discount
Guitars You are shopping for a guitar and find one with an original price of $160. The store is offering a 30% discount on all guitars. What is the sale price of the guitar?
CDs A boxed set of 5 CDs has an original price of $60. The music store is offering a 15% discount on all CDs. What is the sale price of the CDs?
Clothing A shirt has a wholesale price of $16. The percent markup is 120%. What is the retail price?
Decorations A holiday decoration has a wholesale price of $3. The percent markup is 150%. What is the retail price?
Sale A department store is having a 25% off clearance sale. You find a pair of sneakers originally priced at $140. What is the sale price of the sneakers?
Hat A baseball cap has a wholesale price of $5. The percent markup is 75%. What is the retail price of the cap?
What about sales tax and tips?
Amounts added to
the purchase.
A percentage of the purchase price
How do you find sales tax and tips?
SalesTax=% ∙ Amount
Tips=% ∙ Total
iPod An iPod costs $139.99 before tax. The sales tax is 8.25%. What is the total cost?
Printer A printer costs $115 before tax. The sales tax is 5.4%. What is the total cost?
Television An LED television costs $799 before tax. The sales tax is 6%. What is the total cost?
Restaurants Your food bill at a restaurant is $24. You leave a 20% tip. The sales tax is 6%. What is the total cost of the meal?
Restaurants Your food bill at a restaurant is $34.40. You leave a 15% tip. The sales tax is 6.5%. What is the total cost of the meal?
How do you solve percent application problems?
Ticket Out the Door
What is the price of a $16.49 item marked up by 130%?