DISCOUNTS

Discounts or Markdowns

When a store puts an item on sale, it reduces the selling price of the item.

The amount of decrease from the selling price to the sale price is called the
markdown.

Sale Price = Original Price - Discount

 Markdowns

For example:
markdown = selling price – sale price
markdown = 28 – 21
markdown = $7
 Markdowns

You can represent the amount of markdown as a percent decrease of the selling
price.

percent decrease = amount of change/original quantity

This percent is called the percent markdown.

percent markdown = markdown/selling price

For example:
percent markdown = markdown/selling price

percent markdown = 7/28 = 1/4 , or 25%

There is a 25% markdown on the shirt.

11.65
210
23.2
$342.70
Each month at an electronics store, new televisions come in. The store manager puts
older televisions on sale. What is the percent markdown on the television below?
Selling Price: $250
Sale Price: $200
 Markups and Markdowns

Relax Yoga Store buys yoga mats for $15 each. The store has a sale the
following week. Does the store still make a profit on each mat during
the sale? If so, how much of a profit?
Relax Yoga Store negotiates to buy even more yoga mats from
their seller if he can give them 35% off the original $15. If the
seller gets the mats for $8.50, would he still make a profit on each
mat with this deal? If so, how much of a profit?