Scribd
Upload
180 views4 pages

3.0 Markup, Discounts and Sales Tax

This document provides examples and problems for students to practice calculating markups, discounts, and sales tax. It includes questions about determining the selling price of items given the wholesale cost and stated markup percentage, calculating discounts on original prices, and finding total costs that include applicable sales tax. Some key areas covered are converting percentages to decimals, calculating percentages of given numbers, determining markup and retail price, applying discounts, and combining discounts or sales prices with sales tax.

Uploaded by

spcwti
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
180 views4 pages

3.0 Markup, Discounts and Sales Tax

This document provides examples and problems for students to practice calculating markups, discounts, and sales tax. It includes questions about determining the selling price of items given the wholesale cost and stated markup percentage, calculating discounts on original prices, and finding total costs that include applicable sales tax. Some key areas covered are converting percentages to decimals, calculating percentages of given numbers, determining markup and retail price, applying discounts, and combining discounts or sales prices with sales tax.

Uploaded by

spcwti
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 4

Lesson 3: Markup, Discounts and Sales Tax

Math 10-3
Markups, Discounts & Sales Taxes Date: ____________________

KEY SKILLS: Find percent of numbers.


1. Convert percentages to decimals.

a. 78% b. 50% c. 125%

2. Calculate percentages.

a. 25% of 300 b. 10% of 250 c. 300% of 15

Objective: Determine the markup and selling price. Calculate sales Tax.

Working Together

1. Calculate the GST (5%) on the following products:

a. Jeans $85.00

b. Pizza $15.95

c. Snacks from MAC’s $5.80

1
Lesson 3: Markup, Discounts and Sales Tax

2. Jaelyn decides to buy a hoodie at Vaggeli’s Casual Store for $76.00. The
hoodie Jaelyn decides to purchase is on sale, reduced by 40%.
a. What is the discount on the hoodie?
b. What is the sale price of the hoodie?
c. What is the GST on sale priced hoodie?
d. Determine the total cost of the sale priced hoodie.

3. LCHS clothing sales and vending machines profits are used to support
student programs.
a. The wholesale price of a jacket is $65.00. The LCHS store marks the
jacket up by 15%.
i. What is the markup?
ii. What is the retail price (selling price)?

b. The wholesale price for a chocolate bar is $0.80. Items in the vending machine are
priced to make a 75% profit.
i. What is the markup?
ii. What price should it be in the vending machine?

2
Lesson 3: Markup, Discounts and Sales Tax

4. At Sam’s Sporting Goods the wholesale price on a fat tire bike is $250.
Sam decides the markup on this bike should be 125%.
a. What is the markup?
b. What is the retail price?
c. What is the GST (5%) on the retail price of this bike?
d. What is the total cost to purchase this fat tire bike?

5. At Spence’s Scooter Sales the retail price on a Snow Scooter is $500. Thorin
decides to put the Snow Scooters on sale price at 35% off.
a. What is the discount?
b. What is the sale price?
c. What is the GST (5%) on the sale price of this snow scooter?
d. What is the total cost to purchase this snow scooter?

3
Lesson 3: Markup, Discounts and Sales Tax

6. Amberlee is shopping for building supplies in Saskatchewan where PST of 5% and


GST of 5% are added to the price of building supplies. Determine the total amount
Amberlee needs to pay if she buys a can of paint with a retail price of $45.90 in
Southey, SK.

7. Jayda bought a car for $3500 last April. By December the value of the car decreased by
18%.
a. What amount did her car decrease by?
b. What was the value of her car in December?

8. At Belinda’s restaurant Belinda marks the meal price up by 250%. Caleb buys a meal
that costs Belinda $7.25 to produce.
a. What is the markup on this meal?
b. What is the total cost for this meal?
c. What would Caleb pay in total if 5% GST is also added to the meal cost?

9. Sam and Capri are shopping for televisions. They find the same TV in two different
stores with different sales promotions.
● Sam’s deal: Retail Price $525 plus GST (5%). After your purchase you receive a
mail in discount of $150.
● Capri’s deal: Retail Price $575 is on sale at 35% off. After the discount you still
have to pay the GST (5%).
Determine who got the better deal.

You might also like