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In this lesson, students are introduced to more applications of percent increase and decrease: interest, markups, discounts, and commissions. It is not necessary for students to memorize the meanings of these terms. The goal is for students to see that there are many different ways that percent increase and decrease are applied to money in the real world. In this lesson students practice finding:
As students make sense of what various percentages refer to in the context of a real-world situation, they reason abstractly and quantitatively (MP2).
Let’s learn about more situations that involve percentages.
It is recommended that students be provided access to four-function calculators so that they can focus on reasoning about how numbers are related to each other, representing those relationships, and deciding which operations are appropriate (rather than focusing on computation).