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Math lesson plan · 7th grade (Year 8 in England) · 60 minutes

Markup, profit and commission

Decimals and percentages

CCSS 7.RP.A.3England: KS3 NumberEngland: GCSE Foundation Ratio

Objective and success criteria

Students will: Markup, profit and commission.

  • I can answer questions on today's skill on my own, without help.
  • I can explain each step and say why it works.
  • I can check my answer and spot a mistake.

Before and after

Needs first: Increase an amount by a percentage

Leads to: the next skill in this area.

Materials: Place value chart with tenths and hundredths, Hundred squares, Number lines, Mini whiteboards and pens, Printed student sheet (below).

Warm-up · 6 min

  • Quick retrieval from earlier learning (Increase an amount by a percentage). Students answer on mini whiteboards.
  • Show answers together and note who needs support in the main task.
  1. Increase 740 by 25%. → 925Prompt: Find 25% of 740.
  2. A video had 4600 views. Views went up by 3% the next day. How many views did it have then? → 4738Prompt: Increasing by 3% means you end up with 103%.
  3. Arjun increases 40 by 20% and then decreases the answer by 20%. Arjun expects to get back to 40. What does Arjun actually get? → 38.4Prompt: The second percentage is of a different (bigger) amount.

Hook · 6 min

  • Show two prices or race times with decimals and ask which is bigger, then why.
  • Share the objective: Markup, profit and commission. Read the success criteria together.

I do: model it · 12 min

  • Work through the example out loud, saying why you do each step, not just what you do.
  • Example: A shop buys a T-shirt for $30 and marks it up by 40%. What is the selling price? (Type the number only.)
  • Step 1: 40% × 30 = 12
  • Step 2: 30 + 12 = 42
  • Answer: 42
  • Pause after each step and ask a student to say what comes next.

We do: guided practice · 12 min

  • Do these together. Students try each step on whiteboards before you reveal it.
  • Use the hints as prompts rather than giving the answer.
  1. A shop buys a T-shirt for $30 and marks it up by 75%. What is the selling price? (Type the number only.) → 52.5Prompt: The markup is a percentage of the cost price.
  2. A bakery's cost for a cake is $112 and it sells it for $196. What is the percentage markup (profit as a percentage of cost)? → 75Prompt: Profit = selling price − cost.

You do: independent practice · 17 min

  • Students work on the student sheet. Circulate and check the first two answers of every student early.
  • Students who finish: write a question of their own for a partner, with the answer.

The 8 questions are on the student sheet below, with answers in the key.

Exit ticket · 7 min

  • Two questions on their own. Sort answers into got it / nearly / not yet to plan the next lesson.
  1. Luis sells solar panels and earns 3% commission on sales. This month Luis sold $7700 worth. How much commission is that? (Type the number only.) → 231Prompt: Commission is a percentage of the sales.
  2. A bakery's cost for a cake is $104 and it sells it for $156. What is the percentage markup (profit as a percentage of cost)? → 50Prompt: Profit = selling price − cost.

Watch out for

  • Thinking 0.45 is bigger than 0.5 because 45 is bigger than 5.
  • Moving the digits the wrong way when multiplying or dividing by 10.

Support and stretch

Support

  • Review first: Increase an amount by a percentage.
  • Use concrete materials: place value chart with tenths and hundredths.
  • Give the first step of each question, or a partly worked example to finish.
  • Pair with a confident partner for the guided practice.

Stretch

  • Explain a common mistake in writing and how to fix it.
  • Write a word problem that uses today's skill, then solve a partner's.

Homework and more practice

Free online practice with hints and printable worksheets for this skill: eurekami.com/math/grade-7.

Free lesson plan from eurekami.com/lesson-plan-builder

eurekami

Markup, profit and commission

Name

Date

Score/ 8

  1. Question 1

    Sam sells solar panels and earns 2% commission on sales. This month Sam sold $3000 worth. How much commission is that? (Type the number only.)

    Answer

  2. Question 2

    A shop buys a T-shirt for $41 and marks it up by 60%. What is the selling price? (Type the number only.)

    Answer

  3. Question 3

    A bakery's cost for a cake is $112 and it sells it for $123.20. What is the percentage markup (profit as a percentage of cost)?

    Answer

  4. Question 4

    Zoe sells solar panels and earns 5% commission on sales. This month Zoe sold $2100 worth. How much commission is that? (Type the number only.)

    Answer

  5. Question 5

    A shop buys a T-shirt for $45 and marks it up by 20%. What is the selling price? (Type the number only.)

    Answer

  6. Question 6

    A bakery's cost for a cake is $72 and it sells it for $93.60. What is the percentage markup (profit as a percentage of cost)?

    Answer

  7. Question 7

    Grace sells solar panels and earns 2% commission on sales. This month Grace sold $6400 worth. How much commission is that? (Type the number only.)

    Answer

  8. Question 8

    A shop buys a T-shirt for $10 and marks it up by 50%. What is the selling price? (Type the number only.)

    Answer

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Answer key: Markup, profit and commission

  1. 1. 60

  2. 2. 65.6

  3. 3. 10

  4. 4. 105

  5. 5. 54

  6. 6. 30

  7. 7. 128

  8. 8. 15