PPT-Percent Discount and Markup

Markup and discount is an application of percent change Essential Skill Demonstrate Understanding of Concept discount the amount of decrease from the original price to the sale price sa le price . 1 A blouse that regularly sells for 2850 is on s ale for onethird off What is the sale price of th e dress 1900 2 If 14 out of 24 students in a college class are men then to the nearest tenth of a percent what percent of the class is composed of men Markups and Markdowns: Perishables and Breakeven Analysis. Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved.. McGraw-Hill/Irwin. LU 12-1: Markups Based on Cost (100%). Calculate dollar markup and percent markup on cost.. Return on Investment is a calculation that is used to determine the relative profitability of a product. Profit / Investment = Return on Investment. Break Even Point is the point at which sales revenue equals the costs and expenses of making and distributing.. ©2014 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to . a publicly accessible website, in whole or in part. . 1. PERFORMANCE OBJECTIVES. Section I . Markup Based on Cost. Markups and Markdowns: Perishables and Breakeven Analysis. Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved.. McGraw-Hill/Irwin. LU 8-1: Markup Based on Cost (100%). Calculate dollar markup and percent markup on cost.. Learning Target:. I . can calculate . the . total cost of an item after discount or markup.. A video game costs a retailer $36. . Find the . selling price when the markup . rate is 35%.. I Do:. The manager of a furniture store uses . Percent Markups. The difference between the selling price of a piece of merchandise and the price paid for it is called markup. For example, if a dealer purchases an item from the factory for $40 and sold it for $50, we say that the markup was $10. Ten dollars is 25 percent of $40 but is only 20 percent of $50. thus, the markup was 20 percent of the selling price and 25 percent of the purchase price. The store owner would say that the markup was only 20%, but the customer would say that the markup was 25%.. Lets start with some vocabulary:. Terms you need to know.. Markup. The amount of increase in a price.. Markdown. The amount of decrease in a price.. Terms you need to know.. Original price. The starting price.. Finding prices. Mark-up. Stores buy the items they sell at a wholesale price. To make a profit, they must sell the items for more money.. Markup. is the amount a price increases from wholesale.. The . Write the percent formula.. 5.1. What is 17% of 30?. Exercise. What percent of 30 is 24?. 80%. Exercise. 70% of what number is 35?. 50. Exercise. If you remove 30% of the items, what percent of the items are left?. 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. 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. Concept of price and value relationship. Pricing objectives. Factors influencing price. Costs of producing and marketing a product. Approaches to determining price. Break-even analysis. GOALS. 2. The Steps of Price Planning. Mrs. . Leuschen’s. 3. rd. Period Math. Learning Targets. I can find the discount using the percent equation. I can find the new cost of a discounted item. I can find the markup cost using the percent equation.