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Solving problems involving discounts at sales and sales tax.

Solving problems involving discounts at sales and 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)

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Solving problems involving discounts at sales and sales tax.

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  1. Solving problems involving discounts at sales and sales tax.

  2. 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 item How to find the sales tax!

  3. So if an item costs $5.00 • Sales tax is 8.25% • Convert 8.25% to .0825 • So .0825 x $5 = $.41 • The sales tax is $.41 • But the total price of the item is $5.00 + $.41 =$5.41 How to find the sales tax!

  4. 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 = $8.00 How to find the Discount & Discounted Price

  5. 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?

  6. 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%

  7. 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? Find the Percent of Discount

  8. $71.20 • $17.80 • $53.04 • $4.04 • $48.71 • $3.71 • $10.83 • $.83 Please randomly add all these number to your sheet of paper. • $50.00 • 149.99 • $162.36 • $9.20 • $239.19 • $.74 • $165.35 • $189.99

  9. Solve the math problem. Cross out the answer on the bingo card. The first three students with four in a row win! The object of the game:

  10. Hollister Shirt $10The 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?

  11. $45.00 iPod shuffle 1GBtax 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?

  12. E-matic 4GB Video MP3 Player with 2.4" Screen, Camera and Video Recorder $49.00 Tax rate 8.25% • 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?

  13. If this Tony Romo Jersey was 20% off, 7. What would the discount be? 8. What would be the sale price? Tony Romo Jersey $89

  14. 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%.

  15. Ipod Touch for $229.99 • The tax rate is 4% • 12. What is the tax? • 13. What is the total price after taxes?

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