Exploring Tax, Tip, Discount, and Markup Concepts

The video tutorial explains how to solve proportion problems involving tax, tip, discount, and markup. It provides a step-by-step guide on using a calculator to determine the amount of tax, tip, or markup, and how to adjust the original price to find the final price. Two examples are given: one on calculating profit from a candy sale with markup, and another on determining the sale price of shoes with a discount.

What is the first step when you see a percentage in a tax, tip, discount, or markup problem?

• Subtract the percentage from the total

• Multiply the percentage by 100

• Enter the percentage in the calculator

• Press the dollar sign button

What do you do after entering the percentage in the calculator?

• Press the addition button

• Press the subtraction button

• Press the equal button

• Press the percent button

If a problem asks for the final price after a discount, what is the next step after calculating the discount amount?

• Divide the discount amount by the original price

• Multiply the discount amount by the original price

• Subtract the discount amount from the original price

• Add the discount amount to the original price

In a markup problem, what do you do after calculating the markup amount?

• Divide the markup amount by the original price

• Multiply the markup amount by the original price

• Add the markup amount to the original price

• Subtract the markup amount from the original price

Carla bought candy for $12 and sold it with a 25% markup. What was her profit?

• $3

• $2

• $4

• $5

If Carla sold the candy for $15, what was the original price?

• $12

• $14

• $13

• $10

Robert bought shoes originally priced at $79.96 with a 30% discount. What is the discount amount?

• $25.99

• $29.99

• $23.99

• $27.99

What is the final price Robert paid for the shoes after the discount?

• $51.97

• $49.97

• $53.97

• $55.97

If a problem only asks for the discount amount, what should you do?

• Calculate the final price

• Add the discount to the original price

• Subtract the discount from the original price

• Only calculate the discount amount

What should you remember if an item is on sale?

• The price goes down

• The price doubles

• The price stays the same

• The price goes up