This week’s topics
Percentages in business: profit, mark-up and VAT
- Cost price and selling price
- Mark-up and discount
- Adding VAT to a price
What you will be able to do
- 1.2 Apply percentage change to simple business scenarios (mark-up, discount).
Activity
Price five products for a small shop, with mark-up and VAT.
Study materials
Further resources
- Contemporary Mathematics, 6.2: Discounts, Markups, and Sales Tax · PDF · OpenStax Contemporary Mathematics (2023), 6.2: cost and selling price, markup, discount and adding a tax such as VAT, pp. 552–565 · for registered students
- Prealgebra 2e, 6.3: Sales Tax, Commission, and Discount Applications · PDF · OpenStax Prealgebra 2e (2020), 6.3: adding tax to a price (US sales tax works like VAT) and discounts, pp. 494–506 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.