6th Grade Math Textbook, Fundamentals

Lesson 7-11 for exercise sets. &KDSWHU 

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Find the amount of the discount and the sale price to the nearest cent.

1.15% discount rate on a $400 stereo system 2.a $45 headset at a 25% discount rate

3.20% discount rate on a $6800 used car 4.30% discount rate on a $250 DVD player

Find the discount rate.

5.a $3000 motorcycle on sale for $2400 6.a $64 phone on sale for $58.88

7.a $300 digital camera on sale for $250 8.an $850 notebook computer on sale for $650

Find the markup rate.

9.a CD bought for $24 and sold for $25.80 10.wholesale price: $48; list price: $58.56

11.Discuss and Write Explain how you could find (a) the list price,

given the wholesale price and the markup rate, and (b) the wholesale price,

given the list price and the markup rate.

Stores make a profit by selling items for a price higher

than the wholesale price. The is the lower

price that stores pay for the items. The difference between

the wholesale price and the list price is called the.

To find the , which is the percent increase

in the wholesale price, find the amount of markup.

A store buys golf umbrellas for $40 each and sells them for $56.

You can write and solve an equation to find the markup rate.

markup rate

Let R the markup rate.

R 

R

R0.40

R40% Write the decimal as a percent.

So the markup rate for each golf umbrella is 40%.

Simplify. Divide the amount of markup by

the wholesale price.

wholesale price

Subtract the wholesale price from the

list price to find the amount of markup.

$16

$40

$56 $40

$40

amount of markup

wholesale price

markup rate

markup

Key Concept

Markup and Markup Rate

markup list price wholesale price

markup rate 

The markup rate is expressed

as a percent.

markup

wholesale price