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Markup: The Process of Selling Goods for a Profit
Author

Craig Bauling
Organization: Wolfram Research, Inc.
Education level

Precollege
Description

Students will learn how to give the formula for Markup and calculate Markup when expressed in amount, percentage of cost, and percentage of selling price (both single step and multiple step Markup problems). Students will also lean to understand the concepts' importance to business survival.

This notebook covers topics that fulfill the following NCTM standards:
  • Grades 9-12: Problem Solving: Apply and adapt a variety of appropriate strategies to solve problems
  • Grades 9-12: Problem Solving: Recognize and apply mathematics in contexts outside of mathematics

Subjects

*Business and Economics
*Education > Precollege
*Teaching
Keywords

Introduction to Business, Business Mathematics, Marketing, Markup, Cost, Selling Price, Percent Markup on Cost, Elementary School, Middle School, High School, Precollege, NCTM
URL

http://www.wolfram.com/solutions/precollege
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Markup.nb (267.1 KB) - Mathematica Notebook