CALCULATE SALES MARK UP MONEY LESSON PLAN SELLING ACTIVITIES WORKSHEETS ELEMENTARY SKILLS PROGRAM COURSE BASIC TEACHING LEARNING SAMPLE EXAMPLE HELP WORK STUDENTS TEACHER CLASS EXERCISE ONLINE GUIDE ACTIVITY

 Students learn basic consumer money math.

# PERCENTAGES AND MONEY: CALCULATING A SALES MARKUP

Students will learn about sales and marking up prices.

Teaching Objectives:

• Students will learn to define a markup.
• Students will learn to calculate a markup.
• Students will learn to calculate a new sale price.

Suggested Grades:

Fifth Grade - Sixth Grade - Seventh Grade - Eighth Grade

CALCULATING A SALES MARKUP LESSON PLAN

Teaching Materials

• Lesson - Calculating Sales Markup Lesson (see below for printable lesson).

Lesson Excerpt:

What is a sales mark up?
When a store purchases an item they buy it for a particular price. When they sell it in the store, they mark up the price so that they make a profit.

Prices are often marked up a specific percentage.

How can we calculate a sales mark up?
A sales mark up is calculated when the store decides how much they want to sell a product for.  Let’s look at an example to better understand how this works.

Example:
The local corner store bought fountain pens for \$3.00 each.  They want to sell the pens for a 15% mark up.  How much did they sell each pen for in the store?

To figure this out, we want to find the percent of a number.  The percent of a number is calculated using multiplication.  Our key word “of” lets us know that the operation is multiplication.

If we multiply the price that the store bought the item for times the percentage, we will have the amount that the store is going to mark up the price.

Store purchase price x % of mark up = amount of mark up
Let’s do this work with the last example.

Continued...

Print out the teaching lesson pages and exercise worksheets for use with this lesson:

 CALCULATING SALES MARKUP Printable lesson worksheet and activity.

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