Markup and Markdown
Find the sales price: $600 with a 3.25% markdown
$580.50
Set up the proportion (you do not have to solve)
26 is 5% of what number?
26/w=5/(100)
Craig likes to collect vinyl records. Last year he had 10 records in his collection. Now he has 12 records. What is the percent increase of his collection?
20% increase
What is the simple interest formula?
I = prt
part = percent xx whole
A store owner pays $12 for a particular bracelet. To cover expenses, the owner will mark up the price by 150%. Find the selling price of the bracelet.
$30
set up proportion and solve:
What percent of 40.25 is 52.325?
p/100 = 52.325/40.25
p = 130%
Rihanna has a container with a volume of 1.5 liters. She estimates the volume to be 2.1 liters. What is the percent error?
40%
Gabby makes a one-time investment of $500.00 into an account that pays 5.25% simple interest. How much interest will this account earn after 3 years?
$78.75
175% of what number is 56?
set up equation and solve
1.75 xx x = 56
32
A refrigerator was originally sold for $2,350.50. It is now on sale for $1,880.40. What is the percent markdown?
20%
215 children attend middle school. Of the total attendance, 45% were boys. How many girls are there in middle school?
set up a proportion to solve this but you do not have to actually solve
p/200 = 45/100
A toy company manufactures action figures in 10-ounce boxes. The weight must have a percent error of less than 0.8%. One of the boxes weighs 9.93 ounces. Should this box be shipped (is it less than the percent error)?
yes because it has a percent error of 0.7% which is less than the percent error
Zion makes a one-time investment into an account that pays 10% simple interest. After 2 years, the total amount in her account is $2040. What was her initial investment?
$1,700
Asa bought a shirt for $29.50. The original cost of the shirt was $54.50. What was the discount rate for the shirt? (round to nearest hundredth)
set up percent equation and solve
29.5 = p xx 54.5
p = 29.5/54.5
p = 54.13%
100% - 54.13%
45.87%
A boutique purchases 60 identical scarves for a total cost of $450 and sells them for $19.50 each. What is the percent markup?
160%
The mice population in a certain area is 345. One year later, the population increases to 552. What is the percent increase in the mice population?
set up a proportion and solve
552/345 = p/100
160%
A jacket is on sale for 18% off the original price of $150. If there is a 6.25 % sales tax, what is the final price of the jacket?
$130.69
Angel borrowed $11,200 from the bank to buy a new car. He pays $12.50 interest each month for 7 years. What is the interest rate on the loan?
(round to the nearest hundredth percent)
1.34%
Sierra left $7.50 as a tip for a waiter. This was 20% of the bill before the tip. How much was her total bill?
set up an equation and solve
0.2 xx x = 7.5
$45
A dining chair is on sale for 15% off the original price of $85. After sales tax is applied, the final price is $78.03. What is the sales tax rate?
8%
Lila sells Emma a painting for $150.25 and a frame for $25.50. The total amount Emma pays is 125% of what Lila originally spent to buy both the painting and the frame. How much did Lila spend originally? How much profit did Lila make by selling the painting and frame to Emma?
Lila originally spent $140.60
Her profit is $35.15
175.75/w = 125/100
A store marks down all of their scooters by 15.5% for the winter. When spring arrives, they increase the price by 35%. What is the total percent change in the price?
14.075% increase
Mr. Smithers had two bank accounts, one he started 6 years ago with $500 that gets 4% simple interest. Another he started 4 years ago with $600 and gets 5% simple interest. Which account now has more TOTAL value? How much more?
the first account is worth $620 and the second account is worth $720
The second account has more value, and it has $100 more.
GameStop has the Xbox One advertised for 15% off the original price of $350, plus 6% sales tax. Online Xbox One is advertised at Best Buy for $310.00 plus 9% sales tax. Which is the better buy? Explain your reasoning.
Game Stop is the better buy: $315.35
Best Buy is $337.90