Calculating Markdowns

Calculating Markdowns
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  • Markdowns: 1. Convert the percent to a decimal.  2. Multiply the price of the item times the decimal. 3. Subtract the discount from the oringinal price to find out the sale price.
  • Good morning class! Today we are going grocery shopping! Well not really, but we are going to learn something to help you with grocery shopping. We are going to learn how to calculate the price of an item after a markdown.
  • I love the grocery store, Mrs. Smith! When I go with my grandmother, she always buys me cookies.
  • Does 'markdown' mean that an item is on sale?
  • That's great, Lilly! And yes it does, Kim. Let's say you want to buy some cookies from the grocery store that cost $7.38 and the cookies are on sale for 20% off.
  • First you have to convert the percent to a decimal. Then take the decimal and multiply it by the price of the cookies. This does not give me my new price though. Does anyone know what this number represents?
  • Calculating Tax: 1. Convert the percent tax to a decimal.  2. Multiply the price of the item times the decimal. 3. Add this number to the original price of the item.
  • .20 x $7.38 = $1.55
  • This number repsents the discount, so find out the new price you must subtract the discount from the original price. $7.38 minus the discount which is $1.55 equals $5.83.
  • Markdowns: 1. Convert the percent to a decimal.  2. Multiply the price of the item times the decimal. 3. Subtract the discount from the oringinal price to find out the sale price.
  • Good job, Sam! You are exactly right! The sale price of the cookies is $5.83. 
  • .20 x $7.38 = $1.55 $7.38 - $1.55 = $5.83
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