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2.2 Markup & Discount

2.2 Markup & Discount
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  • 1. Finding the Markup Percent on Jeans

    Find the markup percent for the pair of jeans. (See Example 1 and Example 2.)

    • Worked-Out Solution

      There are two ways to approach this exercise.

      1. Divide the retail price by the wholesale price and then subtract 1.

        Subtracting 1 from the result produces 1.22, or a markup percent of about 122%.

      2. Find the markup in dollars and then divide by the wholesale price.

        So, the markup percent is about 122%.

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      _  __    ______    _  _     ______            
     | |/ //  /_   _//  | \| ||  /_   _//   ____    
     | ' //    -| ||-   |  ' ||   -| ||-   |    \\  
     | . \\    _| ||_   | .  ||   _| ||_   | [] ||  
     |_|\_\\  /_____//  |_|\_||  /_____//  |  __//  
     `-` --`  `-----`   `-` -`   `-----`   |_|`-`   
                                           `-`      
    
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  • 2. Finding the Markup Percent on a Coat

    Find the markup percent for the coat. (See Example 1 and Example 2.)

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     _    _      ___      ____     __   __     _____  
    | \  / ||   / _ \\   |  _ \\   \ \\/ //   / ___// 
    |  \/  ||  | / \ ||  | |_| ||   \ ` //    \___ \\ 
    | .  . ||  | \_/ ||  | .  //     | ||     /    // 
    |_|\/|_||   \___//   |_|\_\\     |_||    /____//  
    `-`  `-`    `---`    `-` --`     `-`'   `-----`   
                                                      
    
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  • 3. Finding the Markup Percent on a Baseball Cap

    Find the markup percent for the baseball cap. (See Example 1 and Example 2.)

    • Worked-Out Solution

      There are two ways to approach this problem.

      1. Divide the retail price by the wholesale price and then subtract 1.

        Subtracting 1 from the result produces 0.64, or a markup percent of about 64%.

      2. Find the markup in dollars and then divide by the wholesale price.

        So, the markup percent is about 64%.

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     _    _     _____      _____     ___     ______   
    | |  | ||  |  ___||   / ___//   / _ \\  |      \\ 
    | |/\| ||  | ||__     \___ \\  | / \ || |  --  // 
    |  /\  ||  | ||__     /    //  | \_/ || |  --  \\ 
    |_// \_||  |_____||  /____//    \___//  |______// 
    `-`   `-`  `-----`  `-----`     `---`   `------`  
                                                      
    
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  • 4. Finding the Markup Percent on Flip-flops

    Find the markup percent for the flip-flops. (See Example 1 and Example 2.)

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       _____     ___      ______   __   __            
      / ___//   / _ \\   /_   _//  \ \\/ //   ____    
      \___ \\  / //\ \\    | ||     \ ` //   |    \\  
      /    // |  ___  ||  _| ||      | ||    | [] ||  
     /____//  |_||  |_|| /__//       |_||    |  __//  
    `-----`   `-`   `-`  `--`        `-`'    |_|`-`   
                                             `-`      
    
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  • 5. Finding the Markup on a Necklace

    The wholesale price for a necklace is $10. The markup percent is 200%. What is the markup? (See Example 1 and Example 2.)

    • Worked-Out Solution

      To find the markup, multiply the markup percent by the wholesale price.

      The markup is $20. So, the retail price is

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    __    __     ___     _    _    _    _      _____  
    \ \\ / //   / _ \\  | \  / || | || | ||   / ___// 
     \ \/ //   | / \ || |  \/  || | || | ||   \___ \\ 
      \  //    | \_/ || | .  . || | \\_/ ||   /    // 
       \//      \___//  |_|\/|_||  \____//   /____//  
        `       `---`   `-`  `-`    `---`   `-----`   
                                                      
    
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  • 6. Finding the Retail Price on a Watch

    The wholesale price for a watch is $25. The markup percent is 50%. What is the retail price? (See Example 1 and Example 2.)

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       _____   __   __   __   _      ___     _    _   
      / ___//  \ \\/ // | || | ||   / _ \\  | \  / || 
      \___ \\   \ ` //  | '--' ||  | / \ || |  \/  || 
      /    //    | ||   | .--. ||  | \_/ || | .  . || 
     /____//     |_||   |_|| |_||   \___//  |_|\/|_|| 
    `-----`      `-`'   `-`  `-`    `---`   `-`  `-`  
                                                      
    
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