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

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

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

• 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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______   __   __   _    _     ______  __    __
/_   _//  \ \\/ // | || | ||  /_   _// \ \\ / //
`-| |,-    \ ` //  | || | ||   -| ||-   \ \/ //
| ||      | ||   | \\_/ ||   _| ||_    \  //
|_||      |_||    \____//   /_____//    \//
`-`'      `-`'     `---`    `-----`      `

• 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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_____    __   __   ______    __   __    ______
/ ____||  \ \\/ // |      \\  \ \\/ //  /_   _//
/ //---`'   \ ` //  |  --  //   \ ` //     | ||
\ \\___      | ||   |  --  \\    | ||     _| ||
\_____||    |_||   |______//    |_||    /__//
`----`     `-`'   `------`     `-`'    `--`

• 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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