Understanding Discounts, Markups, and Sale Prices in Retail
Explore the concepts of discounts and markups in retail through real-life scenarios with skateboards, DVDs, and aquariums. Learn how to calculate sale prices, original prices, and selling prices to understand pricing strategies used in stores.
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Presentation Transcript
Discount A discount is a decrease in the original price of an item.
Markup A markup is the increase from what the store pays to the selling price.
Practice The original price of a skateboard is $50. The sale price includes a 20% discount. What is the sale price?
Practice The discount on a DVD is 50%. It is on sale for $10. What is the original price of the DVD?
Practice A store pays $75 for an aquarium. The markup is 20%.What is the selling price?
