# Lesson Markup and Discount

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```					 Lesson 7.6:
Markup and
Discount
Standard: NS 1.7
Objectives: Find a markup.
Find a discount.
Markup vs. Discount
• Markup                   • Discount
A retail store buys        When an item is on
items at wholesale         sale, the store is
prices. To cover           selling the item for
expenses and make          less, so this is
a profit, the sells        called discount.
items at higher retail
prices. The extra
amount is called the
markup.
Markup
• Finding the amount of    • Finding the percent
markup.                    of markup.
• Aeropostale buys a       • What is the percent
shirt at a wholesale       of markup for the
price of \$13.50 and        shirt in the first
sells the shirt for        problem?
\$24.95. How much was
it marked up?

Markup=Retail Price - Wholesale Price
Markup
1) A store buys a pair of shoes at a wholesale
price of \$37.50 and sells them for \$50. What
is the amount of markup?

2) What is the percent of markup for the pair
of shoes in problem 1?

3) Find the cost after markup: \$15 movie, 20%
markup
Discount
• Find the amount of         • Find the percent of
discount                     discount
• A \$36 book is on           • What is the percent
sale for \$27. What is        of discount for the
the amount of                book in the problem
discount?                    before?

Discount = Regular Price - Sale Price
Discount
1) A \$90 coat is on sale for \$76.50. What is the
amount of discount?

2) What is the percent of discount for the coat
in problem 1?

```
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