02­10­16 Markup and Retail Price.notebook
February 10, 2016
2-10-16
Aim: SWBAT apply knowledge of conversions to find the amount of
markup and the retail price.
Do Now: Video
HW: WS (Practice side B) Circled questions
02­10­16 Markup and Retail Price.notebook
February 10, 2016
The cost of a good sold by a wholesaler.
The increase in the wholesale price of an item.
The total price charged for a product sold to a customer, which
includes the manufacturer's cost plus a retail markup.
The decrease in the price of an item.
The price of a good or service that is being offered at a discount.
a tax levied on retail sales receipts and added to selling prices by
retailers
a gift or reward, usually of money, for services rendered; tip
Sales
A form of payment for services based on a predetermined percentage
of goods sold.
02­10­16 Markup and Retail Price.notebook
Producer
February 10, 2016
From the Factory to You
Wholesaler
Retailer
Spends $ to produce
a product and sells it
for more to make a
profit.
Buys it from the
producer and sells
it for more to
make a profit.
Buys it from the
wholesaler and
sells it for more
to make a profit.
You
Buys it from the
retailer.
Finding Retail Price
Wholesale Price + Markup = Retail Price
The
02­10­16 Markup and Retail Price.notebook
Finding Retail Price
Wholesale Price + Markup = Retail Price
Wholesale Price: $64
Percent Markup: 85%
February 10, 2016
02­10­16 Markup and Retail Price.notebook
Finding Retail Price
Wholesale Price + Markup = Retail Price
Wholesale Price: $35
Percent Markup: 110%
February 10, 2016
02­10­16 Markup and Retail Price.notebook
Find the percent of markup.
Old Price: $19
New Price: $33.25
February 10, 2016
02­10­16 Markup and Retail Price.notebook
February 10, 2016
Tell whether the price is a discount or markup. Then, find the
percent of discount or markup.
Old Price: $32
New Price: $24
02­10­16 Markup and Retail Price.notebook
February 10, 2016
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The Journey of Jeans