Goal:

Calculate the discount or mark-up and the percentage of the discount or 1

mark-up. CW AK revised Sept 17, 2017

GMF10 Name ___________________ Period _____

HST, Discounts & Mark-ups Sept 13, 2017

Goal: N1: Solve problems that involve unit pricing & discounts &

markups(including % increase or decrease of the original sale price)

Sales Taxes New Brunswick

HST (Harmonized Sales Tax) is a tax on goods services that

combines the GST (Goods and Services Tax a federal
tax) and PST (provincial sales tax).

In New Brunswick the HST is 15%.

Calculate the HST and Total Cost of the goods and

services.

1. Sweater $49.99 2. TV $839.88

3. Gym membership $375 4. Bracelet $ 214.99

5. Boots $54.99 6. Jeans $14.97

Goal: Calculate the discount or mark-up and the percentage of the discount or 2
mark-up. CW AK revised Sept 17, 2017

Mark-up of Items

The markup of an item is the difference between the

amount the store sells the product (retail price) for and
the amount store paid for the product initially (wholesale
price).

Markup in $ (MU$) = markup % (MU%) x wholesale price (WP)

Retail Price (RP) = wholesale price (WP) + markup in $ (MU$)

Markup Rate (MU%) = Markup in $ (MU$) x 100%

Wholesale Price (WP)
Examples:
1. Melanie owns a clothing store. Her standard markup is 85%.
She bought the coat from the wholesaler at $125.00. What
is the markup in dollars? What is the retail price?

2. The markup on a bicycle in a sporting goods store is 125%.

The bicycles wholesale price is $450.00. What is the
markup in dollars? What is the retail price?
Goal: Calculate the discount or mark-up and the percentage of the discount or 3
mark-up. CW AK revised Sept 17, 2017

3. Marco buys a certain brand of shampoo from a supplier
at $7.25 per bottle. He sells it to his customers at a
markup of 25%. What is the markup in dollars?

4. Maria is a florist in a small boutique. If she paid her

supplier $8.50/dozen for roses and sold them for $19.95,
what was the percent markup?

5. Jerry owns a clothing store buys a certain suit for

$65.00 from the wholesaler. He sells the suit for
$170.95. What was the percent markup?

6. The wholesale price of a dress is $45. The retail

price of the dress is $110.25. What is the percent
markup?
Goal: Calculate the discount or mark-up and the percentage of the discount or 4
mark-up. CW AK revised Sept 17, 2017

7. The wholesale price of a text book is $69.50. It is
marked up 60%. What is the markup in dollars and
the retail price?

8. A car that sells for $54 600 has a wholesale price of

$42 000. What is the percentage markup?

9. The wholesale price of a calendar is $13.50. If it is

marked up 70%, what does a customer pay for the
calendar including the 15% HST?

10. A hat which sells for $26.65, has a wholesale price

of $20.50. What is the percent markup?
Goal: Calculate the discount or mark-up and the percentage of the discount or 5
mark-up. CW AK revised Sept 17, 2017

Practice:

1. A hanbok is a formal, traditional outfit of Korean clothing.

At a markup of 60%, what would be the retail price far a
childs hanbok with a wholesale price of $117.45?

2. What should Max charge for a package of paper plates in

his store if he bought them for $9.00 and wants to mark
them up 75%?

3. What is percent markup of a $13.00 (wholesale price) hat

that sells for $21.06?

4. What is the percent markup of a $39.50 wagon that

sells for $75.84?
Goal: Calculate the discount or mark-up and the percentage of the discount or 6
mark-up. CW AK revised Sept 17, 2017

5. The wholesale price of a motorcycle is $3500. If it
is marked up 55%, what is the retail price?

6. The wholesale price of a camera is $184.99. If the

retail price is $203.49, what is the percent markup?
 Goal: Calculate the discount or mark-up and the percentage of the discount or 7
mark-up. CW AK revised Sept 17, 2017

Discount of Items

a discount is a reduction in the retail price by a certain

amount (also called a markdown)

ex. 40% off, off, $10 off

Amount of Discount(D$) = Rate of Discount (D%) x Retail Price(RP)

Sale Price(SP) = Retail Price(RP) Amount of Discount(D$)

Rate of Discount(D%) = Amount of Discount(D$) x 100 %

Retail Price(RP)

Examples:

1. A store sells a 250g of medium Dutch Gouda for $4.38. The

store puts the cheese on sale for 15% off. What is the
discount in dollars and the sale price?

2. Lobster is regularly $15.00/kg. Find the sale price if

it is discounted 20%?
Goal: Calculate the discount or mark-up and the percentage of the discount or 8
mark-up. CW AK revised Sept 17, 2017

3. You are shopping at a sale and see a $995.00 barbeque on
sale for off. What is the discount and the sale price?

4. What is the percentage discount if a $175.00 item sells for

$150.00?

5. You purchased an Ipod touch for $225. The original

price was $300. What percentage discount did you
receive?

6. In a store opening promotion, Fred advertises T- shirts:

Buy 4 get 1 free. If the cost of 1 T- shirt is $15.97, what is
the discount rate, as a percent?
Goal: Calculate the discount or mark-up and the percentage of the discount or 9
mark-up. CW AK revised Sept 17, 2017

Practice of Discount of Items:

1. Samantha wants to buy a new TV. The model she likes

costs $675.95, but the clerk tells her that it is going on
sale next week at 40% off. If Samantha waits one week,
how much will she save on the price of the TV?

2. How much will Jordan save on the price of a computer listed

at $989.98 if it is discounted by 30%? What is the sale
price?

3. Nicole buys a coat originally priced at $249.95 on sale at

off. What is her sale price including a 15% HST?

4. A bicycle that was originally priced at $785.00 sold for

$553.00. What is the percent discount?
Goal: Calculate the discount or mark-up and the percentage of the discount or 10
mark-up. CW AK revised Sept 17, 2017

5. A microscope that originally sold for $34.95 is on
sale for $24.47. What is the percent discount?

6.A supermarket regularly charges $5.89 for a package of

pizza snacks. During a sale, the supermarket offer the
promotion Buy one at the regular price, get a second one
for half price. What percent do save if you pick upD 2
packages?

Goal: Calculate the discount or mark-up and the percentage of the discount or 11
mark-up. CW AK revised Sept 17, 2017

Answer Key Mark-up of Items
Page 1

1) 15% HST = $7.50 TC = $57.49

2) 15% HST = $125.98 TC = $965.86
3) 15% HST = $56.25 TC = $431.25

4) 15% HST = $32.25 TC = $247.24

5) 15% HST = $8.25 TC = $63.79

6) 15% HST = $2.25 TC = $17.22

Pages 2 - 4

1) MU$ = $106.25 RP = $231.25

2) MU$ = $562.50 RP = $1012.50

3) MU$ = $1.81 4) MU% = 135%

5) MU % = 163% 6) MU% = 145%

7) MU$ = $41.70 8) MU% = 30%

9) RP = $26.39 10) MU% = 30%

Pages 5 - 6

1) RP = $187.92 2) RP = $15.75
3) MU% = 62% 4) MU% = 92%

5) RP = $5425 6) MU% = 10%

Goal: Calculate the discount or mark-up and the percentage of the discount or 12
mark-up. CW AK revised Sept 17, 2017

Answer Key
Pages 7 8 Discount of Items

1) SP = $3.72 2) SP = $12.00/kg
3) D$ = $331.28 SP = $663.33 4) D% = 14.3%
5) D% = 25% 6) D% =20%

Pages 9 10
1) D$ = $270.38 2) SP = $692.99

3) SP = $215.58 (15% included in this price)

4) D% = 30% (29.55 rounded to the nearest %)

5) D% = 30% (29.99 rounded to the nearest %)

6) D% = 25%