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Solving problems involving discounts at sales and sales tax

How to find the sales tax!. First find out what tax rate you will be paying.. In Peoria the tax rate is 8.25%! . Convert your percentage to a decimal by moving your decimal two spaces to the left.. Ex. 8.25% =.

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Solving problems involving discounts at sales and sales tax






Presentation on theme: "Solving problems involving discounts at sales and sales tax"— Presentation transcript:

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Solving problems involving discounts at sales and sales tax.Slide3

How to find the sales tax!

First find out what tax rate you will be paying.

In Peoria the tax rate is 8.25%!

Convert your percentage to a decimal by moving your decimal two spaces to the left. Ex. 8.25% = .0825 (Don’t forget to add a zero)Multiply the decimal form of the tax rate by the price of the item you are purchasing. Ex. .0825 x $ cost of the itemSlide4

How to find the sales tax!

So if an item costs

$5.00

Sales tax is 8.25%Convert 8.25% to .0825So .0825 x $5 = $.41The sales tax is $.41But the total price of the item is $5.00 + $.41 =

$5.41Slide5

How to find the Discount & Discounted Price

Find out the % of the discount. Convert the % to a decimal.

Multiply the decimal by the original price.

Take the answer in step 2 and subtract it from the original price. Example Discount 20% = .20, $10 x .20 = $2.00

$10.00 - $2.00 = $8.00Slide6

Which is the better deal?

When shopping, you have to learn how to compare prices, which are often advertised with percentages.

Can you figure out which store is offering the better sale?Slide7

Find the discount and sales price. Round to the nearest cent.

Regular Price: $415.38

% of Discount: 15%

Regular Price: $3880.00 % of Discount: 12.5%

Regular Price: $65.40 % of Discount: 6%

Regular Price: $36.37

% of Discount: 1%Slide8

Find the Percent of Discount

To find the percent that a discount is work backwards. Divide the discount by the regular price. Convert the decimal into a percent.

A computer is discounted $980 off of the purchase price of $2450. What percent discount is it?

Jenny has a $49.08 off coupon on a purchase of $75.50. What percent off does she get on her purchase?Slide9

Please randomly add all these number to your sheet of paper.

$71.20

$17.80

$53.04$4.04$48.71$3.71$10.83$.83

$50.00

149.99

$162.36

$9.20

$239.19

$.74

$165.35

$189.99Slide10

The object of the game:

Solve the math problem.

Cross out the answer on the bingo card.

The first three students with four in a row win!Slide11

Hollister Shirt $10

The tax is 8.25%

1. How much would you spend on taxes for this shirt?

2. What would be the total cost of this shirt?Slide12

$45.00 iPod shuffle 1GB

tax rate = 8.25%

3. What will the sales tax be if you purchase this item?

4. What will the total price be if you purchase this item?Slide13

E-

matic

4GB Video MP3 Player with 2.4" Screen, Camera and Video Recorder $49.00

5. What will be the total of the state sales tax?6. What will be the total price of the MP3 Player after the state tax of 8.25% is applied?

Tax rate 8.25%Slide14

If this Tony Romo Jersey was 20% off, 7. What would the discount be? 8. What would be the sale price?

Tony Romo Jersey $89Slide15

Xbox 360 for $199.99

The Discount is 25%

9. What is the discount?

10. What is the price after the discount?11. What is the price after the discount and after taxes? The tax rate is 8.25%.Slide16

Ipod Touch for $229.99

The tax rate is

4%

12. What is the tax?13. What is the total price after taxes?

Slide17