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### 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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