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Type of discount that we're going to deal with okay, so we have here Megan Evans she has a coupon that saves her a dollar when she buys two jars of peanut butter the peanut butter is 239 a jar what's the final price of two jars okay, so she gets a dollar off means we can subtract a dollar but notice to get that dollar off she has to buy two jars so the first thing we need to do is if they're 239 apiece how much would two of them be good for 78 but when she buys two jars she gets a dollar off of that, so then we can go ahead and subtract one dollar perfect well done Nikolas good job three dollars and seventy-eight cents is what she's going to pay they didn't ask for tax, so we couldn't have the tax in but all right knows another one Cherie right purchased a digital camera for 214 dollars and ninety-nine cents she received a manufacturer's $35 mail-in rebate and a fifteen dollar rebate from Jack's camera store what would the final price be okay, so I would total her purse since what we have to total here is she gets two different rebates I would total those she gets she's going to get fifty dollars off of the purchase it costs two hundred and fourteen dollars and ninety-nine cents and a rebate is money that they give you sometimes back they're instantly rebased, and it just comes right off the price this one's a mail-in rebate, so this is the kind you have to fill out all the information send it to the person who made the camera, and then they send you a $35 check in the mail, but it counts as thirty-five dollars off of your price okay, so altogether she's getting fifty dollars off and so yes she would pay a hundred and sixty-four dollars and ninety-nine cents now notice with melon rebates you really do at the time you buy it you have to pay for it still and then late on you send out that rebate check, and you send that, and they'll send you a check in the mail which I've done those before and sometimes that takes a very long time ok we're going to talk about markdowns today about the manufacturers and such setting markdowns how much they want to market down what percent so here's an example or looking at the regular selling price of a recliner is a hundred and seventy-five dollars the markdown is twenty-eight percent what is the sale price going to be okay, so the markdown is basically the percent off that you get on an item okay so when we look at this oh you already have they're getting twenty-eight percent off so here's one way to calculate it you take the price times the twenty-eight percent, and we get forty-nine dollars off that's the mark down so if we're using our little formulas up here the markdown is you take that selling price times the markdown right that's what we just did okay the sale price is going to be the regular price minus whatever it's been marked down and that's how much you'll have left over to charge okay so for this you would pay a hundred and twenty-six dollars are there any questions on that so if they just give you...
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