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6.2 Discounts, Markups, and Sales Tax

Percent decrease and increase at the register: sale prices from a discount, retail markup over cost, and tax added on top of a total.

Contemporary Mathematics, 6.2 Discounts, Markups, and Sales Tax

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17 exercises

6.2 Exercise 1

Calculate the discount for the given price and discount percentage. Then calculate the sale price.

  1. Original price = $75.80; percent discount is 25%
  2. Original price = $168.90; percent discount is 30%
2.5

6.2 Exercise 3

Determine the percent discount based on the given original and sale prices.

  1. Original price = $1,200.00; sale price = $900.00
  2. Original price = $36.70; sale price = $29.52
2.5

6.2 Exercise 5

Determine the original price based on the percent discount and sale price.

  1. Percent discount 10%; sale price = $450.00
  2. Percent discount 75%, sale price = $90.00
2.5

6.2 Exercise 7

The sale rack at a clothing store is marked “All Items 30% off.” Ian finds a shirt that had an original price of $80.00. What is the discount on the shirt? What is the sale price of the shirt?

2.5

6.2 Exercise 9

An annual pass on the city bus is priced at $240. The student price, though, is $168. What is the percent discount for students for the bus pass?

2.5

6.2 Exercise 11

Kendra’s car developed a flat, and the tire store told her that two tires had to be replaced. She got a 10% discount on the pair of tires, and the sale price came to $189.00. What was the original price of the tires?

2.5

6.2 Exercise 13

Calculate the markup for the given cost and markup percentage. Then calculate the retail price.

  1. Cost = $62.00; percent markup is 15%
  2. Cost = $750.00; percent markup is 45%
2.5

6.2 Exercise 15

Determine the percent markup based on the given cost and retail price. Round percentages to two decimal places.

  1. Cost = $90.00; retail price = $103.50
  2. Cost = $5.20; retail price = $9.90
2.5

6.2 Exercise 17

Determine the cost based on the percent markup and retail price.

  1. Percent markup 20%; retail price = $10.62
  2. Percent markup 125%; retail price = $26.55
2.5

6.2 Exercise 19

Janice works at a convenience store near campus. It sells protein bars at a 60% markup. If a bar costs the store $1.30, how much is the retail price at the convenience store?

2.5

6.2 Exercise 21

Javi began working at a phone outlet. In a recent shipment, he noticed that the cost of the phone to the store was $480.00. The phone sells for $840.00 in the store. What is the percent markup on the phone?

2.5

6.2 Exercise 23

Bob decided to order a t-shirt for his gaming friend online for $29.50. He knows the markup on such t-shirts is 18%. What was the t-shirt’s cost before the markup?

2.5

6.2 Exercise 25

The sales tax in Kankakee, Illinois, is 8.25%. Find the sales tax and total price of items based on the purchase price listed.

  1. Purchase price = $428.99
  2. Purchase price = $34.88
2.5

6.2 Exercise 27

Find the sales tax rate for the indicated purchase price and total price. Round using the guideline for sales tax percentages.

  1. Purchase price = $329.50; total price = $354.21
  2. Purchase Price = $13.77; total price = $14.39
2.5

6.2 Exercise 29

Find the purchase price for the indicated sales tax rate and total price.

  1. Sales tax rate = 5.75%; total price = $36.56
  2. Sales tax rate = 4.25%; total price = $97.17
2.5

6.2 Exercise 31

The sales tax rate in Denver Colorado is 8.81%. Keven buys a TV in Denver, and the purchase price (before taxes) is $499.00. How much will Keven pay in sales tax and what will be the total amount he spends when he buys the TV?

2.5

6.2 Exercise 33

Jillian visits Austin, Texas, and purchases a new set of weights for her home. She spends, including sales tax, $467.64. The sales tax rate in Austin Texas is 8.25%. How much of the total price is sales tax?

2.5

Adapted from Contemporary Mathematics © 2023 Rice University. Licensed under CC BY 4.0. Source: Contemporary Mathematics. Imported at revision fa7c1a1.