Unit 4, Lesson 7# Markup and Markdown Problems

EngageNY 45 min(s)

In this lesson, students use algebraic equations to solve multi-step word problems involving markups and markdowns. Students understand the terms original price, selling price, markup, markdown, markup rate, and markdown rate. Students identify the original price as the whole and use their knowledge of percent and proportional relationships to solve multi-step markup and markdown problems. Students understand equations for markup and markdown problems and use them to solve for unknown quantities in such scenarios.