Working+for+a+Profit


 * __Working For A Profit __** Open this file and save it to your laptop for the notes on today's lesson.

This website calculates how much money you would have if you make a single or regular deposits into an account over a certain period of time at a particular interest rate. Change the numbers to see what effect this would have on the total amount of interest you would earn and the total amount in the account at the end of the time period. Savings Calculator Now attempt the questions below. 1. Copy and complete the tables below:  2. Mikayla bought a microphone for $28 and sold it for $50. Calculate: a) her profit from the sale.  b) the profit as a percentage of the cost price. c) the profit as a percentage of the selling price.  3. When selling products in a store, a percentage mark-up is added to the cost price to obtain the selling price. If sporting gear has a mark-up of 60%, toys 40%, and clothing 45%, what will be the selling price of:  a) a baseball bat with a cost price of $24? b) a doll with a cost price of $15? c) a t-shirt with a cost price of $8.60? 4. A discount of 10% is given on the price of a car marked at $32 860. Calculate the discount price of the car. <span style="color: #000080; font-family: 'Comic Sans MS',cursive; font-size: 150%;">5. Chelsea works for a toy store where the percentage mark-up is 40% of the cost price. She is offered a 10% discount on the selling price of any item. Calculate the discount price Chelsea would pay on a game that has a cost price of $32. <span style="font-family: 'Comic Sans MS',cursive; font-size: 150%;">Here are some extension questions for fast finishers. <span style="color: #008000; font-family: 'Comic Sans MS',cursive; font-size: 150%;">6. A store marks up everything by 40%. If the selling price of a tennis racquet is $308, what is the cost price and the profit on the racquet? <span style="color: #000080; font-family: 'Comic Sans MS',cursive; font-size: 150%;">7. A travelling salesman marks up each item by 110%. Calculate the cost price and profit on an item with a selling price of $630.